Analysis: Resistance Zone in CHOLAFIN

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Analysis :
- The stock at resistance zone as mentioned through blue trendline in chart.

- It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation.

- Other factor are price above all moving key average.

Trade Idea :
a) Long : Trendline with volume b) Short : Entry will be violation of EMA 21 i.e. Rs 655

Target and Stop Loss as price action and risk management.

Disclaimer : The market is violate, trade cautiously with proper risk management

快照

RSI divergence of HH-LL
交易开始
注释
Price taking continuous support from 21, watch out for breakout ||
交易开始
Short Trade Active !!
注释
Price re-gain EMA 21 !!

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