Hold onto Bhagyanagar India to get the most of the stock move: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Bhagyanagar India.

Have you looked at the charts of Bhagyanagar India?

In the last 4 or 5 days, it really took off but you cannot really have a practical trading strategy in this situation. Stocks run up 4-5 days, there is a news item. In the long term the stock has not really done very much, it is way below its 2008 peak of Rs 81.

So if you happen to have the stock before the news, terrific, hold onto it, get the most out of it while the move lasts but getting into it now would be, there is no exit strategy really when you do this sort of thing, so best to stay clear.