Cholamandalam Finance - Short for a target of 189.50
Date- 02 Aug 2020
Cholamandlam Finance (CMP 202.50)
Double Bottom Pattern. Also Max OI addition is at 180 strike price (1.60 lacs OI added in just 1 day). It shows where the under current is building up in the stock.
Target - 189.50
T1- 198, T2- 193.50, T3- 189.50; SL- 207
Once the stock price moves below 190 then new opportunities will open for 180 level. Will review the stock price below 190.
Cholamandlam Finance (CMP 202.50)
Double Bottom Pattern. Also Max OI addition is at 180 strike price (1.60 lacs OI added in just 1 day). It shows where the under current is building up in the stock.
Target - 189.50
T1- 198, T2- 193.50, T3- 189.50; SL- 207
Once the stock price moves below 190 then new opportunities will open for 180 level. Will review the stock price below 190.
Trade active:
T1 achieved
Trade closed manually