RIL looking very negative: Maia Financial Services

Hemant Kale, MD, Maia Financial Services Pvt, in a chat with ET Now talks about RIL.

How is RIL looking to you right now? When do you see it picking up?

Reliance is looking very negative on the charts. It does not look attractive to me at all because Reliance all the stocks in the refinery space have been in a consolidation range for maybe three or four months time. Unless they break out of this consolidation area either on the upside or the downside, it is difficult to comment on this pack at the moment.
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