The structure it self is quite explaining as ending diagonal , and the price is weak with in the structure , Expect one more drop before strong turn around
for Equity traders you can look to enter on price drop as you can always benefit of small accumulation
for Futures trader wait for complete reversal in order to enter , this has one more move up so wait for it
One of the most important part of stock market is identifying the next move , and usually they represent in the form of structure a visual identification
Most amature ( Tweeter ) traders try post after the effect ( the move done ) and they try to convince rest they know well ,
the fact is , no one has idea how one scrip ends , the only possibility is...
Previously i was looking for up side move after considering the Low momentum , but the price did not make any progressive move with in last week
resulting to understand of one more move down
as you can look the structure pretty much made it self as bear flag , One can look for short sell set up and look to sell in Futures and cover using trailing stop method
One of the most important for any trader or any speculator /Enterprise as day trader is charting software , which represents the exact intention of every moment
News , bonus , dividend , everything is visible in the form of price movement of scrip , and a chart is best tool for all the professional investors
Regardless of Fundamental opinion , Chart...
This one is not dropping in aggressive manner , i am still considering this has one more move up left in it
One can buy based on reversal candle on daily ( for safe entry ) and look to book near forecast