Momentum Pick: High-beta Adani Power shares rally 15% in 3 sessions. Should you buy?

Adani Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) and Monday’s move has taken the stock into an overbought zone. The day’s RSI and MFI stood at 78 for both indicators, as per data available on Trendlyne.

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