Sell RIL; may retest earlier lows of about 710 to 700: Mitesh Thacker, Technical Analyst

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, gives his views on cement stocks.

ET Now: RIL on the charts?

Mitesh Thacker: RIL looks like a sell to me. It is probably going towards retesting the earlier lows of about 710 to 700. Very clearly, the stock is weak unless until something very positive come across and the chart does not indicate that. My sense is that we are probably at least retesting the earlier lows.