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konarbalaji
Aug 8, 2020 2:17 PM

CHOLAFIN : Price rising on low volume + RSI Bearish DIvergence 

CHOLAMANDALAM INVNSE

Description

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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