In bearish trend, making lower lows on daily chart and trading below downward trend line, on 2nd apr stock could not cross the trend line and reversed from there for the 3rd time.
Formation of rising wedge pattern and inverted flag pattern confirms the downtrend.
Stock is trading well below its key averages like 20, 50 ,100 and 200.
Traders can sell the stock with stop loss at 357 and target of 280.
CMP on 9th apr 12 - 346.65.
