On daily chart Stock has just broken down from the Triangle as shown in chart. This break down is after a sideways movement stock was in for last few sessions. As seen in chart stock is making rounding tops indicating sell on rise strategy adopted my traders. Stock is also trading below its key moving averages except 200 DMA which it holding since last few trading sessions.
Stock can be shorted for short term target of 100-105 with stop loss at 120.
CMP - 115.15
