IIT-Trader

CHOLAFIN--Consolidation + Up side ??

IIT-Trader Updated   
NSE:CHOLAFIN   CHOLAMANDALAM INV
----->> 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.

Comment:
it is continue to move upside, momentum slows down....Keep track
Comment:
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.

Comment:
We have demand zone @980 level, keep on buyside from this level.

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