we retraced from 17631 and so far we have made low of 16736. it is aprrox 50% retracement level of rise from 15748 to 17631. more over if we consider this correction in abc pattern, a from 17631 to 17039 ( 592 ) b from 17039 to 17319 ( 280 ) and c from 17319 to low so far today at 16736 ( 583 )
a = c , 200 dma is also around 16800.......time for a reversal in up ward direction must come soon...
a = c , 200 dma is also around 16800.......time for a reversal in up ward direction must come soon...
