Shares of Adani Power climbed 17% in a week, know what is the target and is there any investment opportunity left!

Adani Power Share Price: Shares of Adani Power have climbed from Rs 107 on NSE to a level of Rs 125.60 in the last one week. That is, the shares of Adani Power have gained 17% during this period. This multibagger share of Adani Group closed at Rs 124.40 on 16 February. A bull phase chart pattern is visible in Adani Power stock. Market experts say that by March 2022, the shares of Adani Power can go up to Rs 175.

According to market experts, Adani Power’s subsidiary and Gujarat Urja Vikas Nigam have decided to resolve their disputes. This has brought great relief to the company.

In the recent information given to the exchange, the Adani Group company has said that with the hope of resolving the dispute, fresh buying has started in the shares. Market experts say that the shares of Adani Power have given a breakout at the level of Rs 124.40 on Wednesday, 16 February and it is looking forward.

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Explaining the reason behind the rally in Adani Power shares, Ravi Singhal, Vice Chairman, GCL Securities said, “Adani Power (Mundra), a subsidiary of Adani Power, is responsible for resolving disputes related to the power purchase agreement between the company and Gujarat Urja Vikas Nigam. Is ready for. Also ready to revive the cancel bid. This is a huge fundamental change for the company. Due to this, the buying has started in the stock once again.”

Adani Power shares may rise further. Anuj Gupta, Vice President, IIFL Securities said, “Adani Power shares have now entered a bull phase after giving a breakout at Rs 124.40 level. Its next resistance level is Rs 135.50. After crossing this level, it will become a multibagger. Stocks can go up to Rs 160 in near term.

Commenting on Adani Power shares, Sumeet Bagadiya, Executive Director, Choice Broking said, “The Adani Group share price breached the Rs 124.40 level on Wednesday, the highest level in the last three months. It looks positive on the chart. Short In term this stock can go up to Rs 140 but don’t forget to put a stop loss at Rs 110.

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