Adani Power Ltd: 37.25 is correcting to the bottom support line after attempting to make a breakout. Sales improved to a good 1100 cr with no much profit. Debt equity is dangerously at 5.4 times.
But the recent quarter was showing some betterment. If it maintain a healthy result, the stock can move to 50 & 70 level. Poised for a breakout in monthly chart