In the last update, I told you to short sell this stock at 2221 and 2245 and the price was fallen up to 2102 (missed target 2083). Again we are seeing a bounce back in price 2270. Let me create a sample of trade setup for you:
1st step to trade short side 2290 nearby
2nd short sell will be at 2315 nearby
Suppose achieve both trades, then...
Testing Channel. Break out from a previous bearish channel is observed entering a new sideways channel. If breaks either support or resistance of the new channel, good movement could be observed.
I am looking for new low in this scrip , i have currently forecast as Maximum pain value ,
it might go up to it or might make pause in between and reverse , but new low is coming tats for sure
once can look for short sell set up