Aug 07, 2013, 06.45 PM | Source: CNBC-TV18
According to Shardul Kulkarni of Angel Broking, one may exit Tata Power Company. “The stock may come down to Rs 70,” he adds.
He further added, "If I had any positions building yesterday's trading sessions, I would sell the positions and move out because the weekly chart has been damaged significantly. I would say that considering the volume action in the last trading session as well as this particular upmove which is basically a pullback, I would say it is best to move out of Tata Power. I see lower levels of around Rs 70 being tested again."