Long-term trend in United Spirits suspect: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about United Spirits.

Have you taken a look at United Spirits?

It has been sort of chugging along nicely during this rally but it has just come out of a fairly steep decline as well. So the long-term trend in this stock is a little suspect. It may not be such a good portfolio stock at the moment but it is offering fair trades, not perhaps giving as much percentage return as some of the leading stocks like banks and even real estate during this rally. But it is in an uptrend, it could be traded on the long side but as I said before, long-term investing is still a bit of a question mark here.