NSE:HDFC   HOUSING DEVEL FIN
if the price approaches the support and breaks out with a low momentum then it can go down by the given price range(appx.)..previous price action is in a range but mostly inclined to downwards and also the price is below 20 50 and 200 EMA . It is a stock for short selling .If u carefully see the price has formed an inverse cup and handle pattern and previous price action also suggests multiple price rejections so there is a high probability that the price can go to the previous swing low if the market or the sector is bearish tmrw..for intraday u can use pivot points and take a target till 2 pivots ...totally my view any suggestions are highly respected. it also respects fib.

if the market is bullish let it break an imp ema like 20,50 and then take a target till 200 but the probabiltiy for that is less keeping in mind the previous price acton

s/r are made using fib
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