RSI divergence is clearly visible in the chart.
hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy
please don't short below the red line near 270.
target 1 of near 1.9% can be achieved if cholamandalam starts falling
for people who want to take more...
"This is a simple algorithm that determines trend and follows it! This strategy guarantees profit on the weekly charts in most all forex currency pairs! If you're not sure check the backtest yourself with Trading View's awesome Strategy Tester! I hope this strategy helps you guys profit and make your trading a bit less stressful!"
-WhiteCollarTrader
