After topping out it broke through 535.5 which was a critical support. Further the stock broke another critical support at 455 recently, hence maintaining its downward trend. Support levels if prices fall further are at 385 & a very strong support is seen at 240. Critical resistances are at 455 & 535.5, important but lighter resistances are seen at 483.5, 502 & a very strong resistance if prices rally up suddenly is seen at 590. A buying possibility has not developed yet in the stock, but it is on our watch list and might be an interesting stock to enter if and when it turns around.
Supports – 385, 240
Resistances – 455, 483.5, 502, 535.5 & 590