The counter found support around 210 levels on couple of occasions and witnessed bounce back. During recent past it formed 2 pin bars on a daily chart after witnessing gap down opening but Bulls failed to capitalize on the same and the counter lost its short term moving averages.
The pattern suggests the weakness and the counter is having in the firm grip of bears.
Other Technical Indicators too are supporting the bearish view.
Short Position can be initiated with closing Stop Loss of 247 for the possible down side move up to 212-209 levels in a short term.
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