EIH doesn't look good for short term investors: Deepak Mohoni

The hotel stocks have not done too badly in trade. EIH and EIH Associated Hotels started off with a spurt at the same time today. How do these look to you on the charts?

EIH has been in a range in the past 7-8 months. It has not been doing very much, so today’s move has to be seen as a short lived move nothing showing up for long term investors. As a trading bet, one cannot to be too sure that this will sustain. If these are reasonably defensive stocks, I wouldn’t worry about them if they were in a portfolio but they are really not doing very much by way of stock providing itself as a switch candidate or for trading short term.