From the last update- 40600 was the key level which halted the up move exactly & same level acted as resistance in opening session when index opened gap down.
It travelled upside to 40605 close to 40600 resistance & dropped sharply down to 40378 -which is our critical level for upcoming sessions.
Index has been choppy since the bottoms of 40280 & the waves looks...
The stock seems to be flashing 3 sell signals:
-> A topping pattern
-> Break below 200 DMA
-> Break of trendline from 2020 lows
Typical target based on this pattern would be around 12350, which also seems to be very close to the important wave 4 price extreme around 12130
