The scrip has been in up trend since long.
However H&S chart pattern is formed and is taking support at trend line.
This is a very important zone.
And if it breaks the trend line, scrip can be shorted for TGT of Rs 525
The scrip is in uptrend and trading within a range for long. Now as overall market scenario is not bullish and the price has touched its upper trend line and to continue its trend the price has to come down to lower trend line.
So the scrip can be shorted at CMP for a TGT of Rs 530 in short term