Though stock had earlier broken out of uptrending channel, it could not sustain and fell back below the channel. Now after forming a wedge , the stock is likely to start its downward/corrective trend. Selling shall intensify once 220 is taken out. SL 240 (should hold for atleast 15 mins).
Stock had done 224 yesterday. Sell only on rallies and continue taking trading profits. I believe if market is correcting, commodities will follow soon.