Why am I bearish on IndusTower

Hey, check out the trade setup for Industower
All 3 parameters are matched for a short trade.

Trade setup in Futures
Short : 193.10
Stoploss : 201
Target : 170 and 163

Options Trade
Bear Spread
Buy 29Sep2022 195PE
Sell 29Sep2022 190PE
Max. Profit: ₹ +7,280
Max. Loss: ₹ -6,720