Understanding trends is not tough but interpreting which one to use is confusing to many. I have two ways to interpret a chart:
Joined a trendline in a way that support became a resistance now and it will move up only when it breaks it
2. It is a solid support line that is still intact and we can see a definite uptrend
3. Daily chart backs point one since it shows downtrend....
This looks particularly weak, and most probably its going down now big time. The irony is this is a cash stock hence you cant short this. You may look for intraday shorting in cash.
So prediction was right about it coming down.... It is on major support at day end today... Hourly closing candle tomorrow morning will define the movement... Can see a good 10% move on Friday...
@Kumar Abhijeet @Vikas yadav @Vivek Garg dekho