Wait and watch for Goa Carbon: Deepak Mohoni

ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, on Goa Carbon.

What is the call on Goa Carbon?

Goa Carbon is indeed straight up now to about a 3-month high, that is roughly where the market also is and it has bottomed around early February. So this is reasonably promising and a bit volatile on the downside. It fell from Rs 140 to Rs 60 in the bear market. So this once again qualifies as a specific bull market stock but buying today may be just a good idea or maybe to watch for a day or 2 because we are seeing now a bit of a decline and Nifty trader for instance should be thinking of a trailing stop at 5850 the way it has come down in the last half an hour.