Hathway Cable going down: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on Hathway Cable.

What is the call on Hathway Cable?

Hathway made a pretty big move early October, first and second weeks. After that it has flattened out. Now, this was really the first big move in the stock since listing.

Since listing, it had been declining all the way until early October. So this move brings a little bit of hope that the decline is over because the stock is still above its 200 DMA.

Further confirmation if it goes and stays above 125-130, then we could confidently say that the stock is finally in decent enough uptrend.