The 3rd wave has retraced so far below the 0.5 level i.e. 323.91 and is expected to retrace till 0.618 level of Fibo i.e. 261.74, completing the fourth wave. The position could be squared off at around1.618 level of Fibo i.e. 915.21. Enjoy the fifth wave rally !!
As of now, the BO to the resistance at 0.5 level i.e. 12.02 ain't supported with sufficient volume at daily chart. The fourth wave retracement can be expected till 0.618 level i.e. 10.30. Long Position is suggested at these levels and the lower to it shall be accumulated. The target could be set the 1.618 level of Fibo i.e. around 28.37, expecting the completion...