HDIL is a short sell: Deepak Mohoni
Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about why HDIL is a short sell.
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| Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about why HDIL is a short sell.
Why do you have a sell call on HDIL?
It had a pretty good run up from the middle of May to the middle of June and it was among the better performing real estate stocks. Also, it was spoken of quite well by fundamental analysts. So there is value buying that comes into this stock when it falls.
No signs of that yet. So for the moment it is a short sell, but perhaps this stock may not go below the recent bottom because of its last move and popularity. So 200 could just be where again some demand comes in. That is quite a distance down from here. That is why the short sell.
Why do you have a sell call on HDIL?
It had a pretty good run up from the middle of May to the middle of June and it was among the better performing real estate stocks. Also, it was spoken of quite well by fundamental analysts. So there is value buying that comes into this stock when it falls.
No signs of that yet. So for the moment it is a short sell, but perhaps this stock may not go below the recent bottom because of its last move and popularity. So 200 could just be where again some demand comes in. That is quite a distance down from here. That is why the short sell.
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