Wait and watch ADAG pack: Ashwani Gujral
The point with ADAG is that yes, they have started coming back but we need to see more of a trend.
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| ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, on his views on ADAG stocks.
ADAG pack, RComm, Reliance Capital, Reliance Infra, have you looked at the charts?
The point with ADAG is that yes they have started coming back but we need to see more of a trend. like Reliance Infra it started falling from levels of Rs 1150 and if its up 1% I would much rather have it cross Rs 710-Rs 715 which is a previous intermediate top. I am sure that this is a bottom otherwise these could be flashes in the pan and I would much rather have some higher top, higher bottom type formations before I take a major view on the upside on these stocks.
ADAG pack, RComm, Reliance Capital, Reliance Infra, have you looked at the charts?
The point with ADAG is that yes they have started coming back but we need to see more of a trend. like Reliance Infra it started falling from levels of Rs 1150 and if its up 1% I would much rather have it cross Rs 710-Rs 715 which is a previous intermediate top. I am sure that this is a bottom otherwise these could be flashes in the pan and I would much rather have some higher top, higher bottom type formations before I take a major view on the upside on these stocks.
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