Even in today's sharp fall in Bank Nifty in last hour, this stock held on to its gain. Something cooking?
Inverse H&S pattern visible on charts...can move to 295-300 levels quickly (caution - Bank Nifty decline can change course)
Although the index has made a very good come back, the momentum now seems to be losing. Index had not yet broken out of earlier lower high. At the same time RSI is trending lower.
Or it may be a consolidation before a big directional move.
Short position makes sense for now...lets see.