Wait for a dip in ADAG stocks: Mitesh Thacker
The one which I like a lot is Rel Infra. 490 is my preferred buying range 490 to about 500.
By 
| Updated:
| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com, talks to ET Now on various stocks.
Your view particularly on the ADAG stocks the likes of a Reliance Power which are doing very well on account of fundamental reasons today do you think that this up move is likely to sustain?
The ADAG Group has already moved up a lot. While they are in green or they are not falling as much I would not be touching them now. These stocks have already run up a lot.
I would probably wait for some kind of a dip to happen over here. The one which I like a lot is Rel Infra. 490 is my preferred buying range 490 to about 500.
The stock is about 4%-5% up from that but the stock has rallied from 360 to about 530 right now. I would just wait for a dip, pullback to 10 day average is what I am waiting for in most of these stocks.
Your view particularly on the ADAG stocks the likes of a Reliance Power which are doing very well on account of fundamental reasons today do you think that this up move is likely to sustain?
The ADAG Group has already moved up a lot. While they are in green or they are not falling as much I would not be touching them now. These stocks have already run up a lot.
I would probably wait for some kind of a dip to happen over here. The one which I like a lot is Rel Infra. 490 is my preferred buying range 490 to about 500.
The stock is about 4%-5% up from that but the stock has rallied from 360 to about 530 right now. I would just wait for a dip, pullback to 10 day average is what I am waiting for in most of these stocks.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
