An head and shoulder has been formed and may be will can see some good momentum provided global indices support. China out of way, we may be out of woods. Do your own analysis. It is just my thought and no way recommending a trade .
If one hour chat closed below 11475, we may go down till 11250 approx. Since RSI and buying is visible in charts, i feel market has one upmove leg to 12000, but i may be wrong.
In a day or two we can confirm if the charts have turned negative or not. My guess we can start taking short positions for long term with 10500 as SL on closing basis.
BNF seems to be in trend but have multiple hurdles, trendline coming up and also gap starting. My guess is we may go till 26000 fill that gap after tredline.
A close about the lower end of channel can be taken as entry and trade till high range. It is better not to go for short as the stock has consolidated a lot.
Do your own due diligence.
