-Stock breaking down from another bearish pennant. -Formed a bearish engulfing candle. -Trading in a pretty narrow range inside the pennant. Suggests an explosive move is around the corner. -Indicators look bearish. -Stock has performed badly in the recent market selloff and Nifty's chart looks bearish as well. -Expecting it to retest the cup & handle breakout area very soon.
Not an investment advice. Do your own due diligence.
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