The stock is in downtrend making lower lows. IT has given first reversal signal forming double bottom and also divergence at this level in MACD/RSI. One can enter the long trade now as the risk is low. How far it would go only time would tell but 325 seems quite reasonable expectation.
It is been observed that the price action breaks below 300 support levels on daily chart and now it shall move further down to the next support levels at 290 levels.
Target: 290
Stoploss: 325
