I am still keeping my counts as it is -which could possibly be a-b-c for a W- wave & then this fall from 115.60 to 112.15 as X-wave-that's an alternate count- not discussing at the moment-as it is premature.
Likely we should see a move above 115.50 but yes with strict stops below 109.45 -which is Laxman Rekha for me- any price dip below 109.45 shall change the whole game.
Kissed 115.60 & U-turn
Time for Bank India to Dance
Keep a watch above 113
Let us wait for some pull back in the zone 113.20-113.75 & above the lower trendline.
Likely as I said it is medium term is up only unless 109.45 is broken -key level - now shifting that key level to 112
But this patten discussed in main update gets invalidated only when 109.45 is broken downside
Staying above the zone 113.20-113.50 will be positive & going beyond mini tripple top in the range 115.80-115.90-115.70 shall open room for upside.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw