The latest retracement ( ie
from 3rd week of April'21 till 4th week of May'21) is very bullish
. Right now it is in its long term support/resistance
zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that they are about to raise 9000 Crores in FY22
, it might make this breakout sooner. Swing traders can aim 196-216 levels
, according to the risk and reward appetite.