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Sell range: Rs 1,220-1,230
Stop Loss: Rs 1,260
Targets: Rs 1,180/1,160

The stock is trading in a continuous downtrend with the lower high lower low formation on the daily chart. The RSI indicator has given a bearish crossover and is trading in the selling zone. The stock is trading near its 52-week low, which is likely to be tested in the coming days.

Analyst: Kunal Shah, LKP Securities

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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