The chart of Kotak Mahindra Bank below is self explanatory and shows possibility of a reversal. The direction for C shown on the chart is only for depiction and may take numerous paths.
The other less likely (in my view) possibility is that the stock has a minor correction and then rises to touch the trend line again before a major reversal.
Disclaimer : The counts shown are possibility only and can not be construed as trading advice.
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