Redington not looking good: Deepak Mohoni, trendwatchindia.com
Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Cera Sanitaryware and Redington India.
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| Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Cera Sanitaryware and Redington India.
What is your take on Cera Sanitaryware and Redington India?
Redington is not looking so good now because at this price it’s going to be at something like a 4-5 month low. So it’s medium term and possibly even long term trend is down. This is not particularly good.
Cera Sanitaryware is not a stock that really trades too heavily at the best of times but this is actually in a pretty good uptrend. It’s just sort of going up to a lifetime high. So it’s not so bad for the moment. It looks like a breakout, but it has perhaps happened at the time when the market was not very favourable.
So strategy wise if the stock has to be acquired, it’s best to wait for a dip and otherwise I would say that in these conditions and the stock not being that heavily traded, look somewhere else.
What is your take on Cera Sanitaryware and Redington India?
Redington is not looking so good now because at this price it’s going to be at something like a 4-5 month low. So it’s medium term and possibly even long term trend is down. This is not particularly good.
Cera Sanitaryware is not a stock that really trades too heavily at the best of times but this is actually in a pretty good uptrend. It’s just sort of going up to a lifetime high. So it’s not so bad for the moment. It looks like a breakout, but it has perhaps happened at the time when the market was not very favourable.
So strategy wise if the stock has to be acquired, it’s best to wait for a dip and otherwise I would say that in these conditions and the stock not being that heavily traded, look somewhere else.
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