It climbed later to Rs 173, Rs 179 and peaked at Rs 191.80. It has been moving down in the last three sessions and closed at Rs 184.10. The prospect for the scrip to make any sizeable gains upwards seems very limited at this point of time.

On the other hand, in as much as the scrip went up with a gap, the gap would have to be filled downwards. And that could happen now. The stochastic indicator has signalled a sell in the daily charts.

On the weekly charts, the indicator has gone into the overbought territory. It is right to book your profits now. The scrip could take support at around Rs 175 to Rs 179. But with weakness in other software scrips it is difficult to predict the level of reaction.