The extension seems in timeCycle at (d) excess.
If (d) is excess, but not breakout, for the seller risk and reward ratio is much higher for the short side.
At 563 nearby, the attraction of seller can for the target at control price 555-552 and also 547.5.
While the short selling volume should no be higher than prior high and expected spike fall.
Keep Rs.1 of...
At Multiple Support.
Moving In Short Term Channel.
At Support Of Lower Line Of Channel.
If Support Respected Making of AB=CD.
Risk Reward Looks Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.