Not comfortable holding textile stocks in a long term portfolio : Deepak Mohoni

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

What is your view on Alok, Indo Rama, Abhishek anything on the charts?

Alok looks very good, so does Arvind. They have been doing well for the last 5 or 6 months. But if you look at very long term, they are still way below their peak. So textile seems to have these sporadic spurts but they have not been able to make new highs for an extremely long time. So from that perspective, I am not that comfortable holding them in a long term portfolio but currently the going is very good. I think as long as the bull market last they should give better returns.