“We’re trying to exploit people’s reaction, which is embedded in prices and leads to trends.”
― Michael W. Covel, Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets
the stock is in extremely tight bear grip
its an underperforming counter
a bounce till 1360-1400 zone will be a healthy risk reward for short sell
such poor chart setup generally ask for more beating in terms of either price or time
expect the stock to undergo a long time correction and may even test 1250 technically in months ahead till its below 1600 rs level
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sell on rise view workded so far
