Analysis: Resistance Zone in CHOLAFIN
Analysis :
- The stock at resistance zone as mentioned through blue trendline in chart.
- It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation.
- Other factor are price above all moving key average.
Trade Idea :
a) Long : Trendline with volume b) Short : Entry will be violation of EMA 21 i.e. Rs 655
Target and Stop Loss as price action and risk management.
Disclaimer : The market is violate, trade cautiously with proper risk management
RSI divergence of HH-LL
- The stock at resistance zone as mentioned through blue trendline in chart.
- It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation.
- Other factor are price above all moving key average.
Trade Idea :
a) Long : Trendline with volume b) Short : Entry will be violation of EMA 21 i.e. Rs 655
Target and Stop Loss as price action and risk management.
Disclaimer : The market is violate, trade cautiously with proper risk management
RSI divergence of HH-LL
Operación activa
Comentarios:
Price taking continuous support from 21, watch out for breakout ||
Operación activa:
Short Trade Active !!
Comentarios:
Price re-gain EMA 21 !!