Cholamandalam Investment has been following a parallel channel. It recently touched upper band and corrected down to the lower band of this channel. The support stands at levels of 577-580. You can Go LONG Here, and exit this trade at upper band of the channel. Also, this stock has been consolidating for long, after a strong bullish movement. The breakout of this channel can lead the stock to scale NEW HIGHS. I am personally Bullish on this trade!
** I am not SEBI registered, kindly consult your advisor before taking trade.**
Bro now market is very bad…so I think it’s better idea to stop trade for sometime….When nifty touch 18000 level and sustain then take trade…Then your SL not get hit easily