The price action seems to be following a channel. Today stock touched the upper trendline of the rising channel and faced stiff resistance. It found support @ 1498 level. A decisive break below 1498 may take the stock to 1485. Below 1485 it may go as far as 1460-1470 support zone where some consolidation action can be seen.
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SL can be 1515 or 1521
Trade active
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Trade was initiated on breakdown of 1498 and first target of 1485 has already been hit.
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There might be a second opportunity to short on pullback near 1498. Just look for a bearish pattern in the 1495-1500 zone.
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Target 1485 hit again in second selling opportunity.