RIL may fall in next few weeks

Published on Tue, Sep 09 at 10:51 , Updated at Tue, Sep 09 at 13:36
Source : CNBC-TV18

Technical Analyst, Sudarshan Sukhani is of the view that Reliance Industries is likely to available at lower prices in the next few weeks.

Sukhani told CNBC-TV18, "Reliance Industries certainly suggesting that there is a slow and steady downward drift in that stock. The charts are telling us that every time it tries to rally it makes a lower high. So the problem is that Reliance is not a stock that we can suggest to short in it. But this not a time to buy that stock; I think its going to be available at lower prices in the next few weeks."