Possible reversal spotted in BEL

Good reversal from sevaral clusters of fib extensions, also giving trendline breakout. This gives low probability, risky buying opportunity in BEL. 262 level will be stoploss for this trade. A minimum target of 312.15 can be achieved. Thought it looks like a small target, subsequent targets will be open gradually as the trade moves into our favour.
For safe entry wait for confirmation by special MAGIC BOX strategy.
The blue box is my special MAGIC BOX strategy. Comment below to know more about it.
This analysis is for educational purpose only.