NAVINFLUOR

• The recent price correction of 33% from the high of 4950 has been in line with correction seen during year 2018-19.
  
• Monthly RSI has also touched its Oversold Level.
  
• Prices are now not likely to see further correction.
  
• Monthly MACD crossing above its Trigger line (along with price clearing its previous all time high of 4950) would confirm strength.
  
• However, at current level, risk seems low, so can start acculumating.