This is called Market Geometry. Reliance in correction mode. B retraces 50% of A and usually A=C or C is bigger than A by 161.8%.
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@KamalWadhwani, should correct towards 0.382 fibonacci levels 1800 then also 1600 possible 0.5 fibonacci level as its rally from march low was very much extended. I can't commit on timeline though. Trade at your own risk 🙂