There are two reasons to go short this stock.
1. The long term trend line in weekly chart had broken.
2. The stock traded below 200 weekly moving average.
Short at this level SL 515 on weekly closing basis. Target is next support at 390 level.
1. The long term trend line in weekly chart had broken.
2. The stock traded below 200 weekly moving average.
Short at this level SL 515 on weekly closing basis. Target is next support at 390 level.