IT HAS GIVEN BREAKOUT. DISCLAIMER: IT IS STILL UNDER 200DMA.
NOTE: This is for educational purpose only. My previous view of CholaFin was wrong . Fresh view is a proper bullish breakout with hike in buying volume. When there is a breakout with high volume, usually it is not a false breakout. This seems to break 185 levels as well.
Note: This is for educational purpose only. There seems to be a bearish RSI divergence where price makes higher highs but RSI is contradicting. Moreover, there is a shooting star on hourly chart.
DISCLAIMER: This is one of my personal view and not a recommendation. If CHOLAFIN moves above 165, (which it was trying to break since one month) 166 would be a good entry for intraday trading. Also set 176 for a safe exit.
Chola Fin is making higher high's from past 4 trading sessions from bottom levels. Considering market trend, an consider for short term long position. Above 155 - > target 166 / 183 Pls add to watch list
INTRADAY TRADE IN CHOLA FIN BUY@156 STOP@153 TARGET-1@158 TARGET-2@160.75 TARGET-3@165 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
Stock is near important support, chances are very high that it will go upside. If it breaks the support then we will see a major fall.
INTRADAY TRADE IN CHOLA FIN BUY@138 STOP@135 TARGET@143 QTY=2500(CASH) !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
Wait for the breakout in either direction for trade entry Check chart for levels
NSE:CHOLAFIN LOOKS WEAK BELOW 138 AFTER SEEING THE SHOULD I SAY SOME THING YOU YOUR SELF WILL UNDERSTAND WHAT IS GOING TO HAPPEN
Can this be called as a evening doji star bearish candlestick pattern ?
Looks like a very interesting pattern. Finding a Reverse Head and Shoulder Pattern at the bottom of a down trend is highly successful.
CHOLA ON RADAR FOR A POSSIBLE BREAKOUT !