Chola Finance Can you sell it ? 🤔Hey, do you like profit then your search is ending now
Today we are having
NSE: CHOLAFIN
We have already seen that the chart is showing us weakness in the past few days but the scallops patterns have occurred and now you could see a downside
What we have found by analyzing the chart
1. A Scallops pattern has occurred
2. The Chart Breaked a series of dojis and could be for selled for this week
3. It has left the 50 - day moving average a way too far
4. Time frame :- 1 Day
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Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING 🙏
We are not responsible for any profit or loss
Based on Your Own Risk this is only to show you what's going on
Moving_average
Critical view on Nifty !!!!Nifty after a major fall was under base building formation for around
21 days with rising RSI i.e. positive divergence,
and finally we saw breakout from the base on Monday with a gap and also
successfully breached above 20DEMA which was an indication of exhaustion for the prior trend.
But, after 20DEMA we were witnessing resistance @50DEMA since last three days but it
seems that market could leap over 50DEMA with a gap same like in case of 20DEMA above which
the doors of 17000 will be open.
Long above 50DEMA with stop of 20DEMA for target of 16952 to 17100.