Price trading near the support level after hitting the Flag target as shown in the chart. Now one can expect that if the price holds the same level for some more time then there is a good chance for the price to move up.
If price breaks the support then look for shorting opportunities.
today we will discuss Cholamhalding :Nse
-recently clear resistance &break the 1 year high
-highest delivery volume in few days
-BB crossed BB's upper band
-it will show some correction till 568 to 560 level
-macd gives positive sigh
-stock is from all EMA 20/50/100/200
-RSI & 10 D Momentum line shows divergence
-conclusion: stock will show...
Note: This is for educational purpose only.
There seems to be a build up near long term resistance/ supply zone which indicates loss of selling pressure. Moreover, there is an increase in volumes. RSI above 65 indicates bullish momentum.
Buy above: 575₹