Any inside gap near 1815.30 forming price rejection pin bar at 1826 enhances the micro c induction towards 1760. howsoever sl compulsory.
buy opportunity at 1715 as well. both setup required sl compulsory
Currently at at strong resistance level (which was earlier support also).
If it manages to break upside comfortably and holds tomorrow, then we can see the upside targets.
Otherwise lower side supports are marked.
Depending on signs of RSI showing strength and MACD crossovers, a pullback to 2400-2450 levels can be safely expected. There's a resistance there. Breaking resistance will determine whether we are in first leg of next wave or decending down to complete 5th leg . But in any case, 2400 levels seem probable.
BSE:PEL
