• The current correction since the high of 5513 has been 27% and to the 50% FR level, which is in line with the past price corrections.
  • Additional support level is placed at the Dec-22 high of 3711.
  • Conviction of up-move resumption would come after Weekly MACD crossing above its Trigger line.
  • In the case, the up-move could extend to test 6985-7925 zone.
  • Bullish outlook remains intact as long as price is above 3710.
Note
The stock has hit a new all time high! Target zone 6985-7925 should come soon!
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