I always say, do not believe me. Believe the charts if you want to be a successful trader.
Few days back also, it was quoted for this kind of fall. Its just the matter of time that it has come today. Above is 30 minutes chart analysis. It has formed a triangle patter (which is coming in many stocks now a day due to narrow trading range).
You can observe the two triangles in the above chart. First one has break point nearly at 2150 and then next at 2130.
It has broken both and right now dealing at 2115. It even alarming. In five days stock has already crashed by Rs 160. Any further damage will give you 2000 and then may be 1960.
It will not able to see easy cross above 2160 now onward. Short on rise is my call.
Regards,
Praveen Kumar
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