Reliance Capital seems a good bet: Mitesh Thacker
Reliance Capital and most of the ADAG Group stocks are enjoying a good uptrend.
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| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com, talks to ET Now on Reliance Capital.
What is the call on Reliance Capital?
Difficult to say whether it will keep on moving independently but the stock and most of the ADAG Group stocks are enjoying a good uptrend. For Reliance Capital, 380 is the target which I am looking. The stock could hit that very well in the next few days. The structure has been very strong and it did not get damaged yesterday. So as long as the stock is above yesterday’s low of about 333-335, I would be comfortable with the stock price overall and it is heading towards 380 for sure. It might take a break in between, that is something very difficult for me to comment upon but 380 looks very likely in the next couple of days or weeks.
What is the call on Reliance Capital?
Difficult to say whether it will keep on moving independently but the stock and most of the ADAG Group stocks are enjoying a good uptrend. For Reliance Capital, 380 is the target which I am looking. The stock could hit that very well in the next few days. The structure has been very strong and it did not get damaged yesterday. So as long as the stock is above yesterday’s low of about 333-335, I would be comfortable with the stock price overall and it is heading towards 380 for sure. It might take a break in between, that is something very difficult for me to comment upon but 380 looks very likely in the next couple of days or weeks.
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