Buy Cox & Kings: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, talks about Cox & Kings.

What is the call on Cox & Kings?

Cox & Kings is quite interesting. It is yet to do good move but some form of bottom formation is happening here. At around 360-370, it has formed 2 bottoms and it needs to get past 450 for a move but it seems to be priming itself up for that. One option maybe to buy it now, keep a stop loss of little under 400 and around 450, keep a tight trailing stop. If the breakout happens, then you are on a very good wicket. If it does not happen, you still have a decent profit.