$RE Keep taking a bearish stance. Everyone should be clear about how this kind of India-market pattern moves. Looking back at previous similar projects, it’s basically always the case that after breaking below the listing price, they then get smashed further down by dozens of points. This time $RE may also repeat the same script; a drop below the issue price is likely not the end. You can ride the momentum to keep an eye on short opportunities, but don’t chase too hard from this level—be sure to control risk.