Short Tata Power, says Sudarshan Sukhani

Short Tata Power, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Tata Power has been an outperformer, so clearly we are not saying the trend in the stock has changed decisively or even changed at all. What I am saying is that for the momentum trader, for the short-term trader who is looking at a day trade or a swing trade, Tata Power suggests a strongly overbought condition and candlestick pattern that say, okay I may be willing to go down a little. So for such traders Tata Power is a short sell. Look for a target of Rs 102 and much more important there is no need to buy it now until the overbought condition doesn