In the downward direction, it can come down to Rs 87 and perhaps even lower.The daily stochastic indicator has signalled a sell. The long-term indicators are about to do the same. There had been a volume spurt as the scrip moved up over the last three sessions.

On the first day, the volume went up by 69,900 shares whereas on the second day it went up by as much as 1,03,200 shares.

On Tuesday, when the reaction set in, 23800 shares were traded, all these in BSE.

Recently, the scrip had broken the high of Rs 84 set in 1994. Right now, it is travelling in virgin territory. But it has not been able to pierce the Rs 103.50 mark.

Under the circumstances, it is wise to collect your profit. You could even short sell. But do place a stop loss at Rs 104. Wednesday could see the price moving up. Sell it on the rise.