In previous update- expected move only above 146 but it did not sustain above that level & Bhel slipped down.
Traders can look to buy with strict stops below swing email@example.com but should wait to see some bulls coming above that level. Looking at Index bounce upside likely correction extends & 113.75 is intact for one more leg upside before bears join from the top again.
Going below 113.75- likely bears will take it deep down below 90 swing lows.
Pullback firstname.lastname@example.org- Click The chart & Use load bar feature
Key level-113.75 - Keep an eye on the same as suggested above if 113.75 holds then possible bounce
Last Price@120. 25
Trail your stops to 118 if taken long as expected above once it starts moving below 118 – exit the trade --Try & pick above 113.75 if it holds above that level-using stops below 113.75- going below 113.75 –it will start moving downside.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ