Long term trend in Nagarjuna intact: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Nagarjuna and IVRCL.

Have you looked at the charts of NCC and IVRCL?

Nagarjuna move is much more abrupt as also the petroleum stocks. So there are some stocks which have just sort of cracked out of the blue today. If you looked at Nagarjuna just a day back, it was in a decent enough uptrend and today it has fallen straight away to a one-month low. So this is something pretty stock specific I would imagine here.

Otherwise, the long term trend in the stock seems to be still pretty much intact, it is just that it has dropped out of this rally completely.