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  • red

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    4 months

    Does It Make Sense to Buy CHOLAFIN at Trendline Support?

    https://preview.redd.it/im9kmn7uiahe1.png?width=1280&format=png&auto=webp&s=f8e336202212d12527058f9f8c6f21935dca968a https://preview.redd.it/7k72jn7uiahe1.png?width=1280&format=png&auto=webp&s=2ab3fa0058e9b99f08fcf7565f2df6dda0314c0d The stock is currently trading near a trendline support that has been intact since January 2021. On the weekly chart, it is forming an inverted head and shoulders pattern, indicating a potential reversal. The weekly candle has closed above the neckline, supported by the 40 EMA, while the weekly RMI has generated a buy signal below the zero line, further reinforcing the bullish outlook. What is your personal view on this?
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