Sell Adani Power on upside, says Sudarshan Sukhani

Sell Adani Power on upside, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "The power sector stocks are not showing any signs of life. They are repeatedly breaking down and my own sense is that if there is a small rally today in this stock, it should be sold into. The charts are completely breaking down."
He further added, "Adani Power is a very weak stock; the weakest of the three Adani group stocks and otherwise also it is part of the power group, which is doing miserably. So it is a short sell. Luckily if you get a bounce, some kind of upside move in it that’s a time when you want to sell it."