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.
Trade active: T1 achieved
Trade closed manually


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