Hold JSW Steel: Mohoni

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Hold JSW Steel: Mohoni

Technical Analyst, Deepak Mohoni is of the view that one can hold JSW Steel at the moment. This is one of the stronger stocks but the investors will have to wait for the market to start turning up again to see the stock make daily gains.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Deepak Mohoni See what other Experts & Brokerages are saying about JSW Steel See messages about JSW Steel JSW Steel BSE | NSE 28/05/12 Are Mutual Funds betting on JSW Steel?

Technical Analyst, Deepak Mohoni is of the view that one can hold JSW Steel  at the moment.

Mohoni told CNBC-TV18, "JSW Steel has made a very strong move and this decline is sharp today but its insignificant compared to the kind of rise there has been, there is a very good chance that the stock's all term trend has turned up, so at the moment the best strategy is to hold and no need to switch out. This is one of the stronger stocks but the investors will have to wait for the market to start turning up again to see the stock make daily gains."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.