In this case the stochastic indicator on the daily chart has already signalled a sell. The RSI indicator is about to do the same. The scrip has been experiencing a resistance at the level of Rs 165.80 for quite some sessions now. On the bottom side, it has been maintaining a base line of Rs 159.70.

But that is not good enough to hang on to the share. The failure to make a further gain, would naturally lead to tired liquidation. It makes good sense to collect your profits now.

Transactions worth Rs 2.2 crore has been made between Rs 135 and Rs 142. Today the turnover has been less than Rs 8 lakh. But there is nothing stopping you from being the early bird. Others would follow you. In any case, you can always buy in at lower price later. You have booked your profit.