As it is clear from the charts, the price is coming to the lower level of the channel. if bounces from these levels, may go bullish, Expected target may be 520 or even 580. The setup fails if doesn't sustain above 497 on a closing basis. This is only for learning and sharing purposes, not trading advice in any form. All the best.
Comment
⋅
A good reversal was shown today. Reached 504.50 in intraday. keep tracking.