“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