The medium-term trend for the stock is negative. For this reason, the stock is expected to face resistance in the area of Rs 145-148. The falling short-term trendline will also act as a resistance around these levels. Even if the medium term outlook changes, the stock will require to post a higher bottom. And for that, a correction from this level is likely. Overall, for traders who have taken a long position at lower levels, an exit at the current level makes sense. Short-selling can also be done with a stop loss of Rs 150.50.