Short-term trendline, not yet at trendline (yellow) wait for a new low before entering.
I would not recommend buying in a downtrend.
I wanted to show more drawings on this chart. But avoided lest it leads to confusion. Weekly Downtrend channel in green. Prices move back and forth. Expect them to return to the trendline. Problems: 1.Double top at midline. 2. Short term Downtrend. 3. Stock has broken the daily channel in yellow and given a new high. Time for a new trend or range to begin. Wait...
Congestion near our desired entry point. Skip for now.
PEOPLE WANTING TO GET A PIECE OF IT MUST WAIT TILL THE TRENDLINE.
Stuck in a congestion. Wait before clarity. Bias: Long
MOTILAL OSWAL: NEUTRAL TARGET 665 Buy at trendline as pointed out.
Don't enter. Wait for the retest of the trendline
Two competing channels. One weekly, other daily (yellow). Watchlist this stock