CHOLAFIN--Consolidation + Up side ??
Updated
----->> the stock is trending upwards in daily time frame.
------->> the previous resistance @ 820 level was broken strongly, observe a consolidation before showing bullish pressure above 820 levels.
------->> now the price is almost trading 200 points above the resistance previous.
-------->> If price showing bearish pressure in tis stock will observe a strong bearish momentum towards previous resistance.
-------->> Keep track this stock for few days. It will remain continue or reversal again back to 820 levels.
Look for buy @ 980 zone to ride with Momentum if it is going again bullish. Exit if breaks 975. keep track this Instrument.
------->> the previous resistance @ 820 level was broken strongly, observe a consolidation before showing bullish pressure above 820 levels.
------->> now the price is almost trading 200 points above the resistance previous.
-------->> If price showing bearish pressure in tis stock will observe a strong bearish momentum towards previous resistance.
-------->> Keep track this stock for few days. It will remain continue or reversal again back to 820 levels.
Look for buy @ 980 zone to ride with Momentum if it is going again bullish. Exit if breaks 975. keep track this Instrument.
Note
it is continue to move upside, momentum slows down....Keep trackNote
the price is resuming again and again, i am keep tracking this one, will update once it is in revered. until keep watch .It will again resume or reversal.
Note
We have demand zone @980 level, keep on buyside from this level.
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