Exit NTPC: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that long term investor should exit NTPC.
 
Sukhani told CNBC-TV18, “NTPC’s short term target is Rs 170-175 but that’s very short term. In the long term - the chart is not giving us any sign of eminent, big, thrusting, bullish upmove - nothing. So I am not upbeat on the long term prospects. It is going to be an under performer. So far as we see, things are going to change. A target of Rs 170-175 - that range could come. If one has a long term view, then advised to take exit at some point, maybe at Rs 170, maybe even now and switch to other stocks.”