Cholamandalam Finance & Investment Company Ltd - 11.02.2022
The stock is trading @ 680 levels
There is a SPINNING TOP & DOJI in Daily Chart
The prices are above EMA
There is a MACD Bearish Divergence in Daily Chart
There is a RSI Bearish Divergence in Daily Chart
Let the prices go below 671, one can initiate a sell position with support @ 684.40
Watch out...
hi guys ,
Chola finance is clearly breakout of resistance of 668 , so Buy in current level - 681 level and Target is 735 - 740 .
please comment on this idea what is your opinion .
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
As you can see in the chart, there is a strong resistance at the level of 572,
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Stock has given the breakout two day back after the BREAKOUT stock took some correction.
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So if Monday stock goes above 582, we can buy this trade Target will be 590-595.
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I tried to mention each & everything on chart, still you have any quary you can comment in the comment...
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 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...
Cholafin made trendline and then in September stock touched the 623 level and stock reversed from the level,
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Stock made cup pattern till now now the time is make a handle pattern so for tomorrow,
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If stock goes down 610 and then reverse you can make the position in this stock for the target of 640.
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What's your view on this comment below in the box.
CHOLAFIN share is consolidating between 560-580 from so many days,
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Share has given the breakout of 579 and then took a correction now it is consolidating.
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So for tomorrow, there is a very simple setup if stock open flat and goes above 579,
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We will buy this trade target is 595, this is not the intraday targets it is Swing target's.
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What's your view on...
CHOLAFIN TF: 15Min
- Declining from Daily Resistance
- Wait for Breakout before entering any side.
I am not SEBI registered, this post is just for education only.
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
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.
