Another strategy could be used as watching for channel bounce inside channel so one can get upside short term target as 290 for that to be valid it should not sustain below 280 & also should not break channel.
Related Analysis Attached Below
Going below 274- some down move shall be expected-likely below channel it is looking weak for short term.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ