CHOLAFIN forming a clear #Bullish #FLAG #CHARTPATTERN#CHOLAFIN forming a bullish flag on daily chat and a #rectangle on hourly, entry exit and targets are clearly mentioned in the chart itself.
CHOLAFIN
Cholamandalam FinCholamandalam Fin formed a flag pattern. As per request, I posted. Anyone can ask stocks-related queries. I try to post any stocks as per request.
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Disclaimer:- It's just for educational purposes.
CHOLAFIN - targeting 500 on break of Ascending triangleBeautiful ascending triangle, multiple tests of upper trendline. Look for a move upto 500 levels if it sustains above the horizontal line
Cholamandalam - At Deman ZoneCHOLAFIN - if takes support at 393 (demand zone) then next target 441 (supply zone) Stop Loss 380. Looks like it can consolidate for a couple of weeks before another move. During the up-move, if it takes support at 441 then the next target is 480.
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CholaFin - BUY for positional tradersReason for going BUY
The price has broken out of the resistance level with strong consolidation and huge volume
The RSI is above 60 which shows bullishness
The rounding bottom pattern has been retested
This is for educational purposes, based on your own money management decide to enter or not.
CHOLAFIN - Build up near resistanceNote: This is for educational purpose only.
There seems to be a build up near long term resistance/ supply zone which indicates loss of selling pressure. Moreover, there is an increase in volumes. RSI above 65 indicates bullish momentum.
Buy above: 575₹
SL: 509₹
CNXFINANCE - BULLISH TRENDBREAKOUT FOLLOWED BY RETRACEMENT IS THE BEST PATTERN TO TRADE ON
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
CholaFin on the verge of a Head & Shoulder breakdown!!??On the 30 min timeframe, Cholamandalam Finance seems to be on the verge of a breakdown if it is able to break down the level of 362!!
The OI data also indicates Short Buildup!!
Once it breaks the level, the first expected stop will be 350, then 340, then 330 and the final target expected is 310 odd!!
Cheers!!
CHOLAFIN LONG...Entry above today high as good volume seen today
Entry-281
SL-233(which is recent HL)
long term acccumalation zone-219 to 200(which is also fibbo level and also Moving average zone)
weak below 200
CHOLAFIN:- ASCENDING TRIANGLE PATTERNDisclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
CHOLAFIN KEY LEVELS SUPPORT AND RESISTANCE 03/11/2020 INTRADAYCHOLA KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 03/11/2020
TRADE WITH STRICT STOPLOSS AND FOLLOW RISK MANAGEMENT
CHOLAFIN - Ascending Triangle bullish breakoutNote: This is for educational purpose only.
There seems to be a ascending triangle bullish breakout with high volume. Previous support has turned resistance. Moreover, RSI above 65 indicates bullish momentum.
