NTPC has resistance at Rs 175, says SP Tulsian

NTPC has resistance at Rs 175, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "On long-term basis I have been keeping my negative view on NTPC. If you take a view for last four-five years, I do not think that stock has performed anything to talk about. The last quarter results have been good and that keeps some interest or maybe I would say that for last one-one-and-half month we have been seeing some interest coming back.”
He further added, “I think that those who have been holding the stock should look to enter into at every rise maybe a level of Rs 175 looks a stiff resistance from a technical as well as from fundamental point of view."