We recommend a sell in the stock of Tata Chemicals from a short-term perspective. It is seen from the charts of the stock that after encountering long-term resistance (May 2008's peak) around Rs 440 in October 2010, it changed direction and began to decline. This reversal was also triggered by negative divergence shown in daily moving average convergence divergence indicator as well as in weekly relative strength index. Since then, the stock has been on a medium-term downtrend. Reinforcing this downtrend, the stock tumbled 6 per cent with good volume penetrating a key immediate support around Rs 370 and its 200-day moving average at Rs 365 on January 27. The stock is hovering well below its 21 and 50-day moving averages. The daily RSI has entered in to the bearish zone from the neutral region and weekly RSI is slipping towards this zone. After signalling a sell, daily MADC has entered in the negative territory indicating downward momentum. We are bearish on the stock from a short-term perspective. We anticipate it to decline further until it touches our price target of Rs 340 or Rs 330 in the upcoming trading sessions. Short-term traders can consider selling the stock with stop-loss at Rs 356.