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CHOLAFIN

CHOLAFIN Rebound from Support; LONG TRADECholamandalam 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.**
NSE:CHOLAFINLong
by ParyataK
1
CHOLAFIN Channel Breakout LongChannel Breakout Long All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book profits of 50% and shift the stops to the cost The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade so that the setup remains valid, Its basically used, to give some breathing space to the trade, I may call for a recovery if the setup becomes invalid as the market progress. As we all know anything can happen in the market and we should respect that The Idea is for Educational purpose only At Last, do your own analysis, before trading your money!
NSE:CHOLAFINLong
by Ankit_1618