After a recent uptrend the stock might consolidate in downward channel for sometime. Every upmove towards the upper channel is a possibility to short
The reason why violation of the previous low is not just pullback comes from MACD divergence on daily charts.
Will update possible targets once Lower high is confirmed on the chart
The reason why violation of the previous low is not just pullback comes from MACD divergence on daily charts.
Will update possible targets once Lower high is confirmed on the chart
Comment:
Again not able to sustain in this positive market also. Lower high is also kind of confirmed. If the market is not stable might see price in the range 350-360 in coming week