After a trendline break , it is currently taking support on 200 EMA (15 min time frame) . It is a good swing trade set targets according to your convenience , and place logical stop-loss . If it breaks its recent high i.e 7450 with a strong bullish candle , it can also give good intraday targets.
@seeekhar, The price has closed below the 200 EMA of 1hr and 15 min timeframe after a strong bearish candle. I won't suggest taking long position now. Once it takes a good support from EMA 200, you can go for a 1:1 target for intraday . But remember there is a strong supply zone at 7552.50 , at this price there could be a higher price rejection .