CHOLAMANDALM INVESTMENT READY FOR BREAKOUT
The stock has been forming a range and series of higher highs , the green diagonal trendline acts as a major resistance and has been tested multiple time gradually making it weak and fragile
The stock has seen a significant increase in the FII shareholding past 4 quarters which in itself is a great sign
Also the profit and sales seen to be on rise like never before making the prospects of the stock stronger and firm
The stock upon breaching the trendline can rally till 1663 levels and provide decent returns
The stock has seen a significant increase in the FII shareholding past 4 quarters which in itself is a great sign
Also the profit and sales seen to be on rise like never before making the prospects of the stock stronger and firm
The stock upon breaching the trendline can rally till 1663 levels and provide decent returns
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