More than the stochastic indicator, one needs to take note of the fact that the price rise upwards of Rs 400 has been marked by a small cluster. In other words, the scrip has risen too fast. However, one must admit that the rise was accompanied by good volumes. Nevertheless, it is difficult to expect the scrip to move above Rs 535 in the immediate future.

On the other hand, the chances of the price beaking downwards is sizeable.

It could take support at Rs 460 or Rs 400. In any case, it makes ample sense to get out of the scrip for the present.