JSW Energy needs to break 126 before any up move: Mithil Pradhan

ET Now spoke to Mithil Pradhan, Market Analyst, on his views on stocks.

ET Now: How do you rate JSW Energy?

Mithil Pradhan: Power stocks are generally choppy in action and there is not much of chart history available in the stock but if I have to read something I will say that 126 needs to be violated before any up move and that up move again, is likely to be limited only to 132.

So we are talking of up move for about 4% or 5% and I do not even know whether the up move will happen so I will pass the stock right now.