New Delhi, Feb. 12 -- This chemical stock has remained under pressure, grappling with high volatility amid a weak Q3 earnings performance. The persistent decline has allowed bears to dominate, further amplifying the stock's weakness in an already declining market.

The formation of a long-body candle signals a strong breakdown, suggesting the potential for further bearishness. Additionally, the steady decline in the last session has pushed the RSI below 40, reinforcing the likelihood of continued downward momentum.

With a positive newsflow about securing a contract from Saudi Arabia and encouraging Q3 results, the profit booking in this counter could come to an end. Overall , there has been some steady buying at lower levels as a hammer ...