ADAG stocks not really bullish: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com in an interview to ET NOW said no strength in the ADAG pack unless a long term pattern emerges.

Why are the ADAG stocks not going anywhere? Reliance Capital, Reliance Infra, Reliance Power, any chart patterns you have, especially starting with Reliance Capital because a lot of people have it in their portfolio?

The ADAG pack is not really bullish. It is bearish than the Mukesh pack and having said that at this point of time, I do not see too much of a downside because I believe that the market is about to bottom out in a day or two for some kind of an up move. So at this point of time, I will not recommend an exit but yes, on a 10-12-15% upside, I do not see strength in the ADAG pack unless a long term pattern emerges. So it is exit on a rally.