No particular trend in tea stocks: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, talks about tea stocks.

What about some of the tea stocks? How do the charts look for Mcleod Russel or Jayshree Tea?

Deepak Mohoni: Mcleod and Tata Global Beverages are the most fancy in stocks and the most heavily traded. But Mcleod is in a better uptrend and is close to its four-five month high. Tata Global Beverages looks like it may be bottoming out but it has not necessarily done that yet. Varun Tea which we mentioned earlier that is a pretty strong stock but very thinly traded but that is in a much stronger uptrend and Jayshree Tea is running flat so really there is no particular trend which is common to all the tea stocks. They all seem to be doing their own thing.