Since 1464 highs it has been undergoing in complex correction W-X-Y completed one set at 1183 lows & bounced hard along with index to recent high@1432.
Looks like falling in impulsive manner - if holds in the zone 1340-1350 & starts moving above 1355 then likely we have a trading opportunity for the above mentioned desired zone.
If prices fall in the zone 1340-1350 & bounces above 1355 then putting stops below recent low we can look for target 1460-1485 zone.
You would love to read my previous update
Call did not activate below 1180-1200 zone & bounced hard till 1430's
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ