Still to establish long-term trend: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about Navneet Publications.

ET Now: What is the call on Navneet Publications?

Deepak Mohoni: Currently for the last 6 or 7 months it has been running sideways. It is still to establish a longer term trend. This sideways move in the last 6 months is not entirely a bad thing because 3 or those 6 months were a bear market. So if you hung around sideways, you do not lose out like a lot of stocks did. You would see established long term uptrend in this stock once it is past 75, not very far from there right now but it is not exactly moving in that direction in the last week or 2.