BOI is in down trend since last two years making lower lows on daily chart. Stock is trading below its key moving averages like 20, 100 and 200 but above 50 DMA. Stock is making narrowing triangular pattern which may break on either side. Stock if breaks down can be shorted with stop loss at 307 and for target of 282.
CMP - 298 as on 23 oct 12
