Essar Shipping has possibility of an uptrend building up: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, talks to ET Now on Essar Shipping.

What is the call on Essar Shipping?

Essar Shipping did make a pretty good move from October to November, reacted also pretty sharply. So, it is showing a fair amount of volatility but it does have a higher bottom in the middle of November than it did in October. So, possibility of an uptrend building up is here but very large swings.

So anyone getting in for a longer term has to be little aware of that aspect.