Deepak Mohoni, Director, trendwatchindia.com, talks to ET Now on Educomp.
What is your call on Educomp?
Educomp has very really done well when the market goes into a decline. It does need a strong market to boost it up and this stock to make matters worse has been falling for the last month practically even when the market was going up. So no surprise at all seen this kind of a decline in Educomp, it is now down straight to two year low and not too many stocks that are at that level.
Idea is what to do with this Educomp now at 348?
Traders can short sell it whenever they get a bit of a rise in that stock and narrow ranged and trade the breakout on the lower side. So while the intermediate downtrend is on short selling in the stock could work out pretty well. If somebody holds it in the portfolio I think that there is a long term risk in the stock so better to switch out of this into some kind of a defensive stock or at least something which has not been making multiyear lows.
What is your call on Educomp?
Educomp has very really done well when the market goes into a decline. It does need a strong market to boost it up and this stock to make matters worse has been falling for the last month practically even when the market was going up. So no surprise at all seen this kind of a decline in Educomp, it is now down straight to two year low and not too many stocks that are at that level.
Idea is what to do with this Educomp now at 348?
Traders can short sell it whenever they get a bit of a rise in that stock and narrow ranged and trade the breakout on the lower side. So while the intermediate downtrend is on short selling in the stock could work out pretty well. If somebody holds it in the portfolio I think that there is a long term risk in the stock so better to switch out of this into some kind of a defensive stock or at least something which has not been making multiyear lows.
