Head and Shoulders pattern is observed in this stock...
recently price broken the neckline...
Demand Zone is observed at 6000 levels...
if neckline acts as resistance chances of fall back is more.
this stock price is now in consolidation a retest to the neckline may be observed before pushing it downwards again...
find short opportunities in this stock.
If no...
The blue color TRENDLINE that I have drawn in the chart is drawn from June 2020. As of February 18 it has been trading at a price of 7030. If you look at the chart the stock had just took SUPPORT from the blue TRENDLINE. If it consolidate there for next few days and then if it gives breakout then there is a high probability that it will go up from there. Below...