Chola finance Good short candidate
Updated
Chola Finance Spot CMP 555
Counter is giving price rejection around 570 levels from last 2-3 trading sessions...
Nearest demand zone around 550-555 levels
Once breaks 550 levels and sustains for 30-60 mins ,, weakness can be seen in counter..
Bearish divergence in RSI ,, where price is making higher high and RSI is making Lower high..
Down side 515-520,, below that 470-480 levels possible..
Good short candidate...
Counter is giving price rejection around 570 levels from last 2-3 trading sessions...
Nearest demand zone around 550-555 levels
Once breaks 550 levels and sustains for 30-60 mins ,, weakness can be seen in counter..
Bearish divergence in RSI ,, where price is making higher high and RSI is making Lower high..
Down side 515-520,, below that 470-480 levels possible..
Good short candidate...
Trade active
chola fin after breaking 550 today fell to levels of 5255% down in single day
keep booking as per comfort
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