after 12345 & AB pattern completed then C wave may be near 2900 ( 38%) & brokedown channel pattern in red line suggests fresh short position may be happened near 3420-50 level sl 3470 tgt. 3290/2970 level.
but in 1hr. suggests down pattern has been completed at this time tgt. 3420-40 level.
short at higher level or buy @ cmp sl 3290 tgt. 3420
