Usha martin attempted a breakout above the congestion zone of 360-380 and briefly traded above 400 but again faced selling pressure and has now come down to retest previous consolidation zone. These kind of consolidations can last a few weeks to few months. The stock price can keep flirting with the 30 WEMA, but as long as it does not crack hard its okay.
disc: In my portfolio I exited as I wanted funds to get into newer ideas. ( don’t ask me which. 
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I could be wrong in my assumptions about Usha going ahead ( which is it will consolidate more without going down too much), and stock can breakout again and keep going up, but that’s the way things can go sometimes… Everyone needs to do their own diligence and take a call.
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