Pause in Momentum in BajajSugar and Short formation on the chart of Sugar commodity suggests retracement below the level of 12.47. And if range of 12.47 to 12.20 is broken, next target is 10.37.
@ritenjee, I think there might be sideways correction in this wave 4 as wave 3 was zig-zag. Hence, upside is locked until this is correction is complete till 14.28.
@ritenjee, frist swing low is at 10.61 and if the 2nd swing low breaks this level, I would prefer waiting and enter onl if it crosses the previous swing high of 11.63.