RIL is not giving a very directional movement: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com shares his views about Reliance Industries.

ET Now: What is the call on Reliance Industries?

Mitesh Thacker: Reliance Industries is not giving a very directional movement. After breaking down twice around 700 mark the volatility indicators have kind of subsided. So, my sense is that it might go into a range. You might see the recent lows of about 690 with 688 coming in as a support. On the upside if it crosses 725-730, the rally might continue to about 755-760. So, that should be the range for sometime now.