# 22 Long Cholamandalam Investment and Finance for 235 to 260 Long

CHOLAMANDALAM INVNSE

Description

⋅ Jul 8, 2020 6:20 AM

NSE:CHOLAFIN

Reason Being:
1. Bullish Flag Breakout

Every Price Action Pattern after breakout provides some Target Range and according to Triangle:

Target Price: 235 and 260
View Negated Below: 201 in closing Basis

#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.

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Comments

Suviya

⋅ Jul 8, 2020 11:54 AM

will target needs 4 to 5 trading sessions?
216 seemed strong resistance today

p18amanr

⋅ Jul 8, 2020 6:16 PM

@Suviya, Flag pattern formation happened over 16 trading sessions, expect it to reach the target on the similar time.

Suviya

⋅ Jul 8, 2020 6:23 PM

@Sir_Stranger, Thanku.... ji