dr.reddy is looking week @ current levels

dr.reddy had given up its momentum n likely to fall @ 1580 level. it has closed below 50% retracement level n not showing any buying momentum from last few days. it is also trading in a rising channel n has failed to close above it. MACD has also given indication for some sort of correction. this is another bearish sign for the stock. one can go short at 1620 level for the SL of 1645, stock can go down to 1683 & 1667
if stock crosses 1645 buy it for the target  1677 & 1702 SL 1614