I am feeling divergence in Elliot wave oscillator and macd and it seems wave 4 as 50% retracement done where down wedge and 161.8 % of wave 0-1 done. It is good opportunity with stoploss below 117.900 entry even at cmp 120.370 for minimum target of 127.2% of w4 at 125.700 approx. Nice risk reward in my opinion.
Comment:
Put sl at cost and one should carry trade till targets. Personal opinion. No offense.