Adani Power looking good: Somil Mehta, Sharekhan

Somil Mehta, Sr technical Analyst, Sharekhan, in a chat with ET Now talks about Adani Power.

What’s your call on Adani Power right now?

Adani is looking good, a triangular pattern has formed and we will be expecting a small rise from here in the short term. This is a last wave which I am looking in this stock and the target would be around 150 and the stop loss would be around 130.