Vasanth_A

CholaFin - BUY for positional traders

Long
NSE:CHOLAFIN   CHOLAMANDALAM INV
Reason for going BUY

  • The price has broken out of the resistance level with strong consolidation and huge volume
  • The RSI is above 60 which shows bullishness
  • The rounding bottom pattern has been retested

This is for educational purposes, based on your own money management decide to enter or not.
Trade active: As the stock moved aggressively, we didn't get the buying opportunity yet. Wait for the correction and enter for a better R:R.
I have not yet entered, waiting for the correction.
Trade active: Price retested the support. We expected it to come around the 395 range but it reversed at 400. In the stock market, we can't expect the exact levels. Anyway, Trade is on.
Trade active: Expecting another 100 points from here
Trade active: WOW! See the move. One more leg of upward movement is on the way.
Trade closed: target reached: Wow! great move.