#CHOLAFIN stock looks scary!!!
CHOLAINVESTEMENT & FINANCE is currently at a major weekly breakout,
1. The chart pattern suggests on breakout with volume may signify further downside upto 8-10% minimum
2. RSI is slightly getting into buy zone- which implies after breakout confirmation one can sell rally
3. MACD shows that momentum are gaining favouring the bear side.
Conculsion: The stock once breakout pattern is confirmed one can go short on raise.
1. The chart pattern suggests on breakout with volume may signify further downside upto 8-10% minimum
2. RSI is slightly getting into buy zone- which implies after breakout confirmation one can sell rally
3. MACD shows that momentum are gaining favouring the bear side.
Conculsion: The stock once breakout pattern is confirmed one can go short on raise.