A corrective rally

Rain CMP 168.66

Elliott- the rally from the lows is a zig zag corrective pattern of which B is complete. From here the C leg should start that can go to 350.

MA- the conjunction of the three MA's is telling me a strong move is on the horizon.

Fibs- The change in trend is visible here. First correction should halt around the 167 zone.

RSI- with the current rally the oscillator has also changed its oscillation from the bear range to bull range.

Conclusion - In the next day or two one would get more clues of the change. The break of the trendline will definitely be one.