Short DHFL,approaching trendine resistance

DHFL has been trading in down trend and after retracing 61% fibo level it shown some strength upside, it closed tomorrow almost touching the resistance and further reversed,it seems, it may further trade down ward up to 50% fibo level again around 240. traders may enter short at slight high to better entry. if it breakout occurs the level 32% (261) it will trade upward.