Scrip, if still follows the downtrend could be taken for short opportunity as mentioned in chart
Reason for still bearish trend to pursue - SMA - 200 SMA is still above 15 SMA and price range has gone below 15SMA so for now, there is weakness in the scrip. MACD
MACD - MACD bars are moving down which still signify that momentum is down. MACD had large negative price bars henceforth, showing greater bearish momentum
Note: It has already gone below 52-week low so also beware of it taking support at crucial levels..
Enter below 705-706
TP - 702, 700, 695, 690
Taking SL as per risk appetite
Reason for still bearish trend to pursue - SMA - 200 SMA is still above 15 SMA and price range has gone below 15SMA so for now, there is weakness in the scrip. MACD
MACD - MACD bars are moving down which still signify that momentum is down. MACD had large negative price bars henceforth, showing greater bearish momentum
Note: It has already gone below 52-week low so also beware of it taking support at crucial levels..
Enter below 705-706
TP - 702, 700, 695, 690
Taking SL as per risk appetite
Enter below 680 (Short)
TP - 677, 672, 665, 655