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konarbalaji

CHOLAFIN : Price rising on low volume + RSI Bearish DIvergence

CHOLAMANDALAM INV (NSE:CHOLAFIN)  
konarbalaji  
NSE:CHOLAFIN   CHOLAMANDALAM INV
Support and Resistance rsidivergence mahindraandmahindra
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supportandresistance rsidivergence mahindraandmahindra
Price moved up but RSI showed bearish divergence.
Currently, Price is taking support at Upper trend line on daily duration .
Price rejected from Long Term resistance .
Looks like distribution zone - sideways movement will continue for a while .
Current Price is at confluence of 50 EMA , Support & upper Trend line.
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