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 risk can book small profits at target 1 and then continue on to target 2 please check market sentiments a bearish market will add to our idea
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