Stock had came down from 1580 level to 550. That is 75 % break down. ow it had formed.bottom at 595 and moved above 0.238 retracement. Next retracement 0.318 is placed at 940. So there 8s good 75 points gain. When ever stock cross 0.238 retracement level and trade there for two three days, possibility for reaching higher retracement level increases. MacD is showing buy signal which is additional bullish view for.stock. Stock is trading above 20 DemA too which is adding comfort to buy signals.