Dated : 25/12/2018
Colpal :Cmp : 1315(cash market rate)
Short : 1322
Target : 1270
Hedging option : Not available as no liquidity
Colpal has a strong resistance around 1340 levels on weekly charts.
RSI Forming 4 peaks constantly on weekly charts , This being the fourth move which clearly indicate short term downtrend.
RSI Divergence on daily charts.
Engulfing bear near resistance on daily charts.
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