The stock is moving nicely between parallel channel having multiple alternative touches on both sides. Yesterday's Doji Bar got confirmed today. One can buy the stock now or on dips for a target of 115. It would provide decent Risk to Reward ratio. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
I will short below 115 with a stop loss of 118.5 and book profit around 111 WHY: weekly trend down, daily trend down,complete market down WHEN:If it goes down with bearish MACD and if risk reward ratio satisfies me I am not SEBI registered adviser this is my personal opinion and this for my recording only