Go short on Pantaloon Retail: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Pantaloon Retail.

ET Now: What is the call on Pantaloon Retail?

Mitesh Thacker: I would be comfortable remaining short. Initiating short may not be a very good idea because we are midway through the earlier initiation price of 172 and price target of 155 but remain short. Trail this stop to about just below cost to 170.5-171 and this is what I would recommend.