'Don't sell Dewan Housing; buy it during decline'

ET Now caught up with Deepak Mohoni, director, trendwatchindia.com, to get his views on RCF and Dewan Housing.

What is your view on RCF and Dewan Housing on the charts? At some point Dewan Housing had a lot of momentum and it has kind of just fallen off from that point.

Dewan Housing did have a pretty good run-up. It has not fallen that much though, it had peaked at about Rs 240; it is down to Rs 220, which, compared to so many other stocks, is not that substantial. It is in a downtrend right now. I would not get out of this stock if I had it in a portfolio. I would not buy it in during the decline but I would keep an eye on it. The fertiliser pack has been quite wishy-washy. It does make moves now and then but it is neither falling very quickly nor rising very rapidly to at any point of time since the budget to merit trading. Pretty much the same goes for RCF.