Hold Reliance Power: Rahul Mohindar

 Rahul Mohindar of viratechindia.com is of the view that one can hold Reliance Power only if it crosses Rs 142-142 level.

Mohindar told CNBC-TV18, “My view is also a bit in sync because technically also there is a variety of choice available you do not have to be with a Reliance Power this point. It largely looks like a sideways counter even if I look at the last 10-15 days of price movement. We have looked ourselves up in a small zone so the way I put it is if you still want to give this a shot you could hold on with a Rs 160-165 target but again that is not a very good risk reward ratio to be justifying considering if we break a Rs 142-145 again we will be dipping down so not a very comfortable stock to be in much better choice available but again only a short-term hold for a Rs 160-165 target."