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If I consider the 2 bands as the range, I get lower value at 36.5 and upper band at 38.7 when measured at market open (1st candle). Normal std. deviation can be calculated as (38.7 - 36.5)/sqrt(2)... this gives 1.55.
Now since we are shorting, I would deduct this from top band and arrive at the potential entry point of 37.15 with stop at 38.7
This is the way I would approach this stock. :)
 
Not a day to short this, I think. The supertrend has been bullish today. The ADX has been rising (it has crossed 40 but doesn't indicate end of today's trend).

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Not a day to short, IMO. I think that with a small ticket ticker like this, 1.5Rs. is a huge SL.
 

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