Short position in the script will have a favourable RR only if intitiated near to the Stop loss level. Will take a fresh look at the PA near to those levels and update chart in case of any evidence against the original call
It is a fair possibility. Lot of retail buyers may come near that level as the rights issue price is closer to that region
There is no doubt about the value in the the company. However the suggested targets are probably better places for accumulation.