Just 2 months back, there were already some signs of weakness in this counter and more downside was expected…
Could see then that the moving averages were all turning down and there were some bearish crossovers spotted too…
Prices were also forming lower highs which can point to a downtrend taking shape…
Hence some downside targets were drawn as seen below.. With first target at 0.400..
Target hit over the past few days but seems like we may be heading towards the next lower target with sellers still in control…
Downtrend still firmly intact below 0.400 now, cautious….
Would not be wise to hold on to this counter without a plan…
See where we are now currently below and revised target on more bearish price actions… cautious…
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