When prices make higher lows (green line) & in the same duration if you notice lower lows in Indicator as shown in the MACD indicator (red line). Looking for B-Wave upside which could retrace in the zone 50% to 61.8% zone- giving us target zone of 545-560.
Sustaining above 520 could be keenly watched for target zone 545-560.
Falling from 600 to 467- click the chart
Searching for Selling opportunity close to 600 marks- click the chart