This is irregular correction is known as Flat where X-wave can retrace very deep & even beyond the W - wave. In our case it has retraced 90%.
On larger degree, it's looking for the zone 380-400 zone in coming years.
Let us wait for the pullback in the zone 237-239 - if hits then later look price pushing upside above 240. Traders can put a stop below 236 once it starts moving above 240 & can have a bullish bias for targets 250-255 at first.
Moving Above 240 - It crossed the target zone 250-255
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ