Let us look for retracement of 38.2 % to 50% of the rally from 19000's lows to 19512 which comes to the zone 19300-19325-marks or 50% zone, which comes to 19250-19270 but should not overlap 19240- if this happens then BN will shoot upside for 19600 zones.
This retracement will be a good buying opportunity for further longs else I will have to come back again.
Abhishek H. Singh, CMT
As expected retracement in the zone 19300-19325 we are just close by. Likely expecting that zone to hold.
Vow as expected it kissed the zone- Bang on Target
It's the first leg up- Likely it will retrace some bit before resuming uptrend.
Likely low@19322 shall be holding for target zone 19600