Target 1: 56
In case of shorting, I would suggest you to short once it breaks below Wave C (47.50) or previous bottom at 46. As for now, it is trending higher and it may have short retracement but high upward swings.
I hope the explanation clears out some of your doubts, incase you have further questions then do let me know. Regards.
I would also encourage you to join Trading View Indian Markets portal where you will find more technical charts on NSE and BSE stocks specially. Link to it is https://in.tradingview.com/