Put Venkys India on a watch thing: Deepak Mohoni
"Venkys India is trying to make a comeback now. Still the long term trend is not up, the move has only started in early October."
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| Updated: Deepak Mohoni, Director, trendwatchindia.com, talks to ET Now on Venkys India stock.
What is the call on Venkys India?
Venkys India used to be quite a strong stock till towards the end of 2010 but after that it has corrected quite sharply, trying to make a comeback now. Still the long term trend is not up, the move has only started in early October.
So, I would put it on a watch thing because it has come down only from all time highs. So, there is a potential that a bull market should develop and this stock again starts doing well. But, I would not buy it immediately.
What is the call on Venkys India?
Venkys India used to be quite a strong stock till towards the end of 2010 but after that it has corrected quite sharply, trying to make a comeback now. Still the long term trend is not up, the move has only started in early October.
So, I would put it on a watch thing because it has come down only from all time highs. So, there is a potential that a bull market should develop and this stock again starts doing well. But, I would not buy it immediately.
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