Not time to book profits in Bharti Airtel yet: Deepak Mohoni
"Bharti should actually be one of the better performers going ahead."
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| Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Bharti Airtel.
What about counters like Bharti, Sesa Goa, and Hero Honda as well in particular for Bharti do you think the momentum in the near term has been broken and now its time to book profits?
Not at all. Bharti should actually be one of the better performers going ahead. Yesterday was just a session where all the forgotten, beaten down stocks were remembered again and they shot up. Bharti has been doing pretty well for throughout this decline.
It has actually gone up. Before yesterday’s session it was at a 6 week high so yesterday was I think just a small correction in Bharti it should resume its uptrend anytime now.
Hero Honda acts a bit like a defensive so yesterday the defensives were relatively quite but Hero Honda is also in uptrend in intermediate as well as a long term so we should start seeing it going up again may be not spectacularly this is nice steady sort of stock. But Sesa Goa is seeing some selling pressure which has not gone off yet even with this market rallying for 3 days it has declined in 2 of those 3 days so this has still got to come out of whatever is pushing it down.
What about counters like Bharti, Sesa Goa, and Hero Honda as well in particular for Bharti do you think the momentum in the near term has been broken and now its time to book profits?
Not at all. Bharti should actually be one of the better performers going ahead. Yesterday was just a session where all the forgotten, beaten down stocks were remembered again and they shot up. Bharti has been doing pretty well for throughout this decline.
It has actually gone up. Before yesterday’s session it was at a 6 week high so yesterday was I think just a small correction in Bharti it should resume its uptrend anytime now.
Hero Honda acts a bit like a defensive so yesterday the defensives were relatively quite but Hero Honda is also in uptrend in intermediate as well as a long term so we should start seeing it going up again may be not spectacularly this is nice steady sort of stock. But Sesa Goa is seeing some selling pressure which has not gone off yet even with this market rallying for 3 days it has declined in 2 of those 3 days so this has still got to come out of whatever is pushing it down.
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