CRAFTSMAN AUTOMATION LTDNSE
Description
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- 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.