Last Post had calculation for the upmove from 7723 to be in final phase and a likely culmination above 8550+ . Now further update -
1. The basic targets for V-3 (8575-8610) as calculated in above chart have been achieved.
2. The top at 8627 may have done the vth of the V-3.
3. The TL joining the lows for vth from 8353 up has been broken in last session.
4. After the top of 8627, a 5 wave down and a probable 3 wave up may have been done in 5 min tf ( or probably a last minor up may be pending)
5. The bias is shifting downwards with resistance now in 8550-8610 range. The S/L for this probability is 8628.
6. Break of 8500 and close below it will confirm the downward bias and then may tgt 8400-8350.
7. Any close above 8625 will negate this probability and upmove may resume for higher tgts near 8750 apprx
Check the charts carefully for short term and medium term trading insight -