Adani Power, Tata Power, Coal India shares surge over 7% as market expert highlights strategic buying opportunities Shares of Adani Power Ltd, Tata Power Company Ltd, and Coal India Ltd saw significant gains on Thursday, with the stocks rising by up to 7% during the trading session. Market expert Kiran Jani, Head of Technical Research at Jainam Broking, analyzed the performance of the three stocks, citing favorable factors such as the onset of early summer and growing concerns over the oil and gas sector. Jani emphasized that the stocks appear attractive for investors, particularly in the context of rising energy demand and geopolitical tensions affecting global energy markets. He recommended a "buy-on-dips" strategy for both Tata Power and Adani Power, suggesting that investors should consider entering at key support levels while maintaining strict stop-loss measures. For Coal India, Jani noted that the stock looks promising at current prices, with a major support zone around the Rs 400–420 range. He predicted that the stock could potentially rise to Rs 500 in the coming period, provided it holds above the support levels. Investors are advised to monitor the stock closely and adjust their positions based on market movements. On Tata Power, Jani highlighted the Rs 390–380 range as an accumulation zone, urging traders to keep a stop loss below Rs 370. If the stock maintains its position above Rs 370, he expects it to move toward Rs 410–420 in the short term. For Adani Power, the major support lies around Rs 130–135, with the potential for the stock to rise to Rs 160–170 if it breaks through key resistance levels. The stock price movements were reflected in the market data, with Adani Power shares closing at Rs 149.10, up 7.38%, Coal India ending at Rs 470.15, a 5.34% increase, and Tata Power settling at Rs 402.#tata_power #coal_india #adani_power #kiran_jani #jainam_broking
