Hero Honda has been a strong stock: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Hero Honda.

What about Hero Honda?

This gets to be bit of a tricky stock in the sense that if you look at the long term of Hero Honda several years it has never really been getting into long term downtrend. So this has been in the long term a very strong stock but the last 2 or 3 months have not been good for it at all and yesterday it has closed at 8 week low but if you really want to see a glass which is half empty, it was holding out after reaching the bottom at the start of the session.

So perhaps there is a little demand coming here but how the investor especially the institutional ones are taking all these investors, the Honda changes that have been talked about, that is still not very clear. If it holds out say 1750 or thereabouts for a day or 2, that may be a little better for this stock.