CHOLAFIN share is consolidating between 560-580 from so many days,
Share has given the breakout of 579 and then took a correction now it is consolidating.
So for tomorrow, there is a very simple setup if stock open flat and goes above 579,
We will buy this trade target is 595, this is not the intraday targets it is Swing target's.
What's your view on...
Chola fin has broken out of the channel pattern with a bullish candle. Entry and SL levels are mentioned on the chart. Plan your SL before taking any trade. 10% upside movement can be expected in coming sessions above 542.
It has bounced back from this level like a king twice back in the past. One can see an inverted cup and handle pattern too. But until it is moving above the zone I'll be maintaining a positive view on Chola fin.
The candle has been so strong upright after continued bearishness.
If it sustains above 524.30, Take an entry around 530-533 on pullbacks from 541. And then target 572 as the first target, and trail the SL post that. When taking entry the SL would be 514.
Chola fin inv :-
Multiple harmonic pattern matures around480 levels
Wolf wave formation around same levels
macd positive cross over
Rsi bullish divergence with breakout
Falling trend line breakout
good long candidate
15 to 20 % upmove possible