Support turned Resistance zone in Technical Language being displayed here on the chart. With a stop-loss of around 415, yesterday's high, this trade seems quite likely to give good rewards. Let's see how this pans out. Expecting 370 initially, and optimistically a turn from this point could also result in a continuation of the eventual down trend of the stock.
The stock has a well established uptrend, and the price has come to the slope and has seen a 14% fall from the all time high price, which means one can expect the correction in prices to pause here and the uptrend should resume!
After consolidating between 240 and 160 for quite a few months, it appears that the trend has resolved on the upside. Expecting current fall to turn out only as a pullback in the larger scheme of things, and price should continue going up and fill the big Gap area!