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J_ankit

How to trade 20% corrected stock?

Long
CHOLAMANDALAM INV (NSE:CHOLAFIN)  
J_ankit  
NSE:CHOLAFIN   CHOLAMANDALAM INV
Support and Resistance Fibonacci Trend Lines
2
0
supportandresistance fibonacci trendline
Chola fin has corrected 20% from top and taken a key support at :
- EMA 200
- Fib 0.68 and
- at support trendline
Multiple factor supporting the stock for long trade.

For Long : Entry 485 S/l 470 Target 543 (R:R 1:4)

For Short only if support trendline break, stop loss will be Rs 485
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