We will look for a bounce close to or in the zone 410-415 -likely in the zone shall be preferred more as our risk element becomes very less -if you see it fails to take out 418.35 recent high & starts falling back below 410 marks that could be a sign of reversal- here risky traders could also enter close to 418.35 highs-should not be taken out on top or firstname.lastname@example.org+ can look for a downside move.
Monthly chart- Bigger Triangle (Interesting Half of Year 2017)
Flight 507515 - to land in the zone 240-250
Either bounce close to 418 in the zone 410-415 & fails to take out 418 -dropping below 410 should be sell signal or going below 398 & sustains down could be sell signal.
Bounced from 403 lows, keeping 398 intact.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ