ENIL an interesting stock: Deepak Mohoni
ENIL itself is quite interesting. It has gone up above 30% in the last 6-7 weeks, so it is on a fairly good wicket.
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| Updated: ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, about ENIL.
On the charts an ENIL or couple of these other media companies, they have been very active in the last few sessions?
ENIL itself is quite interesting. It has gone up above 30% in the last 6-7 weeks, so it is on a fairly good wicket. Also if you look at the last 2 years this is where it gets interesting is between 185-285. It has been running sideways whether there was a bull market or a bear market and it is now moving up again towards the top end of the range. So this could be very recent breakout if it gets past 285. That is what is to be looked out for but even for short and medium term, it is moving up at a fair clip 30% in 6 weeks is as good as any other stock really.
On the charts an ENIL or couple of these other media companies, they have been very active in the last few sessions?
ENIL itself is quite interesting. It has gone up above 30% in the last 6-7 weeks, so it is on a fairly good wicket. Also if you look at the last 2 years this is where it gets interesting is between 185-285. It has been running sideways whether there was a bull market or a bear market and it is now moving up again towards the top end of the range. So this could be very recent breakout if it gets past 285. That is what is to be looked out for but even for short and medium term, it is moving up at a fair clip 30% in 6 weeks is as good as any other stock really.
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