Head and Shoulder Pattern is formed in the security.

A breakout is wittnessed in the stock indicating a negative trend.

Price are trading below the Fast and SLow EMA indicating negative trend, wherelse the Fast and Slow EMA are trending downside supporting the move.

DMI- tradinga above DMI+ indicating negative trend with ADX trading above DMI+ indicates strength in the move.

RSI is following the price and there are no divergence yet seen which is supportive to the move.

Hence based on above condition a short position can be created in Elring Klinger @ cmp with a TP of 7.022,SL for the short side will be 9.6690