Don't chase Gujarat NRE Coke: Deepak Mohoni
"Market has finished sort of a sideways correction in the last week or two and there may be an uptrend, now this might help Gujarat NRE Coke but today’s 7% move is really after quite a persistent decline."
By 
|
| Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Gujarat NRE Coke.
What about a Gujarat NRE Coke at Rs. 60 odd? Is it worth a buy?
Gujarat NRE Coke has had a pretty rough 6-7 months, it had gone to 100. It now seems to be making some sort of a bottom around 54-55 if that holds. Market has finished sort of a sideways correction in the last week or two and there may be an uptrend, now this might help Gujarat NRE Coke but today’s 7% move is really after quite a persistent decline, so I would not chase this stock.
What about a Gujarat NRE Coke at Rs. 60 odd? Is it worth a buy?
Gujarat NRE Coke has had a pretty rough 6-7 months, it had gone to 100. It now seems to be making some sort of a bottom around 54-55 if that holds. Market has finished sort of a sideways correction in the last week or two and there may be an uptrend, now this might help Gujarat NRE Coke but today’s 7% move is really after quite a persistent decline, so I would not chase this stock.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
