Wait and watch for Nesco: Deepak Mohoni

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

Is Nesco on the charts?

It is best to wait now for Nesco to get into some range and play the breakout from a narrower range. This may take a week or two, also that will make clear whether this trend is being established for good or not, but overall this stock is not too bad. With that move, it is way above the February lows. Above Rs 750, it gets to something like a 4-year high. So the long term trend looks pretty good here. So if you have the stock, hang onto it.