Hi Ramesh,
Here was what I had said a few days back..........same status even now.
Still in the process of forming lower pivot highs and lows......let prices hold at a level.Enter on demonstration of strength which means that it suddenly starts to make a higher pivot low or if it takes out the previous pivot high.For now,it's still in a downtrend,a pullback on the weekly and monthly.
Don't anticipate an entry.........like in any battle,the smart general fights on the place he wants and the time he chooses,the time when the enemy is the most vulnerable and his own army at its strongest.Till then he dilly dallies,he waits till he is at his strongest.
Like the prowling tiger and the waiting general,time for a wait and watch for now on this stock.At present,you are not at the strongest as this stock does its thing.
Keep prowling,keep dilly dalying for now!
Saint