Adani Power shares fall 11% in 2 days after a 35% rally. Should you buy the dip?

Adani Power shares are declining after a recent surge. The stock had risen following a stock split and positive brokerage reports. Profit booking has led to a decrease in share value. Technical indicators suggest the stock is overbought. Analysts advise caution, suggesting buying on dips. Brokerages support long-term growth, but execution risks exist. Valuations are currently at a premium.