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CHOLAFIN ELLIOTE WAVE SETUP !

Short
NSE:CHOLAFIN   CHOLAMANDALAM INV
Hello! Friends,

I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS.

As you see in the chart the impulsive wave ( 1,2,3,4,5 ) completed and price shifted toward corrective wave A, B and C
The cholaFin consolidate between same area from few days and last day its gives a fake breakout.
stocks looks bearish toward 200-190 Sl 225
If you are doing option trading then you can Hedge your position by selling
-1x 27AUG2020 205CE - ₹ 21.4
-1x 27AUG2020 190PE - ₹ 8.9
Thanks
Trade closed: target reached

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