- The stock has witnessed almost a 50% drawdown from its all time high, similar to its past major correction.
- The Weekly RSI has also come its Oversold level.
- Price is consolidating near its Key support level around 2000.
- A breakout above the down-sloping trendline resistance would confirm strength in the stock.
- However, break of 2000 would keep on-going downtrend intact.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.