The stock is following a pattern, according to which it is expected to trend lower to atleast 240.
With a tight stop of 256 on hourly basis, one can initiate a Short here for 240.
The short bias would remain valid till the stock decisively clears 260.
With a tight stop of 256 on hourly basis, one can initiate a Short here for 240.
The short bias would remain valid till the stock decisively clears 260.