Here are two charts showing the composite profiles and the volume action from Feb 22, which was the day the sell of began after the big run up.
The chart has
a) A composite profile in Rainbow colors on left
b) The POC of the composite in white running across the chart, shows the prior highly traded regions
c) vwap in Orange and it's deviations in blue and green
d) High volume points flowing across the chart as horizontal lines in green.
The current auction is above the white horizontal line and the vwap which will mean that buyers have started to take control or the fact that short have covered and at cmp ( 5460 ) are on the defensive.
Right up ahead is 5488/ 96 which has high volumes and is also one standard deviation away from the Orange vwap line.
The BN has already hit a high volume pocket marked in green and is auctioning in a small range.
It is stretched above the one SD line and longs are in control at the moment.However a reversion t the mean trade has a bigger possibility here.