Buy NTPC on dips: Somil Mehta, Sharekhan

Somil Mehta, Sr Technical Analyst, Sharekhan, in a chat with ET Now talks about NTPC.

What is your take on NTPC?

NTPC has formed a flag pattern which is a bearish pattern. But overall, it has been consolidating in the same range. So I would advise to go short on this counter but overall the medium-term perspective looks very positive. So buying on dips would be advisable.