After making an high of 298 in the month of october of 2016, it has retraced to the level of 247 snfd then pulled back. reached the price of 292.5, but it never touched the previous high and traded in the range from 264 to 290. so i feel now the stage has set for its brekdown from this range. Key level of breakout in the pull back from 247 to 292 is 255, now if it klbreaks 264 then easily you can icici coming to this level, but before coming you may see pullback to 275, and then one can short. I am publishing this idea on analysing price action. Nowadays I feel Price action is the best tool guide for trading. Here I want to thank shivakumar (shiv 2798) who stressed on this idea.
