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The stock is testing everyone's patience by religiously sticking to its trading range between Rs 540 and Rs 500.

It stepped briefly out of this range in the early part of last week to hit a low of Rs 485 before recovering. The stock has registered a series of lower peaks and troughs since the high of Rs 542.8, which is a negative signal.

A fall below Rs 475 will drag the price to Rs 438. Traders can sell this stock with a stop at Rs 510.

Fresh buying should be contemplated only on a breakout above Rs 520.

Lokeshwarri S. K.

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