CHOLAFIN Long trade for Swing.
The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side.
But watching the buyers buying on dips and being active on the lower trendline and RSI is also around 51
showing strength in the stock to move higher. Hence my view says to buy around CMP with a target of almost 8-10%.
But watching the buyers buying on dips and being active on the lower trendline and RSI is also around 51
showing strength in the stock to move higher. Hence my view says to buy around CMP with a target of almost 8-10%.
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