Transformers & Rectifiers, buy on dips: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, gives his views on Transformers & Rectifiers


What are your views on Transformers & Rectifiers?

Transformers & Rectifiers has been making a pretty strong move over the last one week and that is move from bottom it has formed at about Rs 235. It is not on a rising bottom situation but it has crossed the last stop and this particular move has set it off into pretty decent intermediate uptrend, possibly a long term uptrend but given the speed of this move, any investment here should be done after a bit of a decline. It is probably up about 20-25% in the last week.