Buy Tata Power above Rs 998: Shardul Kulkarni

Buy Tata Power above Rs 998, says Shardul Kulkarni, Sr Technical Analyst of Angel Broking.

Kulkarni told CNBC-TV18, "Looking at the weekly charts Tata Power has given a break down and is extremely far away from the moving averages. Looking at the short term charts we feel that stock may give a bounce. Thus, we feel you can buy above Rs 998 for target of Rs 1040 with a stoploss at Rs 981."