CHOLAFIN : Price rising on low volume + RSI Bearish DIvergence

Price moved up but RSI showed bearish divergence.
Currently, Price is taking support at Upper trend line on daily duration .
Price rejected from Long Term resistance .
Looks like distribution zone - sideways movement will continue for a while .
Current Price is at confluence of 50 EMA , Support & upper Trend line.
mahindraandmahindrarsidivergenceSupport and Resistance

גם על:

כתב ויתור