i am strong believer that it will test 170 before making new high in this year. stay away dear to save your money and invest at right time and at right valuation. how can you trust such a counter like Punj Lioyd. if a counter can fall from 300 to 190 in just 10 days then nothing more is there to discuss about. find a counter which is less volatile and gives little but secure profits where you can trust a stock. so buy if it falls again to 170 and sell when it reaches 250. because you never know that again where it will fall. may be it will touch 100 in next time.