Techno Electric is a hold: Deepak Mohoni

Wait and see if the stock holds out when market conditions turn favourable.

Deepak Mohoni, Director, trendwatchindia.com in a chat with ET Now talks about Techno Electric.

What is the call on Techno Electric and Career Point?

Both are surprisingly similar because they have come down to their all time lows but they have been stable just above certain levels for the last 2 or 3 months. For Career Point, that level is about 330. So question of whether that holds out or not. If in these market conditions, some level holds out for a while, that is not too bad a sign. For Techno Electric that level is about 260. Now the catch is that its not a straight away buy. So simply wait and see if they hold out when market conditions get favourable. If they manage to stay above it, then they could be worth considering.
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