levels marked only for educational purpose
A Breakout looks imminent. Keep a watch from the beginning of the trading session.
As banking and financial sector under much pressure casusing by covid second wave we may see further down side but yet wait for market to confirm the same. Follow on insta covid_trader
Price forming raising wedge pattern and it has all chances to fall as shown in the pic.
result of Cholamandalam chart analysis
Cholamandalam chart analysis for intraday and swing trading
Raising wedge pattern, have it in your watchlist
KEEP THIS IN RADAR the perfect example of technical analysis. learn to earn
Cholamandalam chart analysis for intraday and swing trading
Buy on breakout above 560 for Target 600 and more Stoplose 525 (R/R=1:2)
Can be bought at 525 - 535 area Sl can be kept below 510 Area If crosses supply zone of 555 - 560 (will be 4th attempt) Den new highs can be formed in coming days
Good for buying above 535 all support and resistance and target given in the chart for learning and educational purpose.
Standing strong in this fall so Buy Above 538 Good Support near 500-470 IF BO happened then we may see 554-575 Very good volumes
Chola Finance is in a Bullish trend and One can accumulate the stock in 375/370/366 in the future ... The upward wave can give a short term target of 411 to 432 and more...
CHOLAFIN long position might break the resistance level of 545. consolidation is seen between 525-535, it tried to break the zone but could not sustain it, the stock is following the trend line looks good for a break-out and long position.
CHOLAFIN is consolidating between 525 and 535. consolidation can be expected to last for a few sessions. the stock has seen a fantastic run in the past few months, such consolidation is normal. Overall momentum is bullish on this stock. PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen...
BUY ABOVE 475 TARGET 500 TARGET 2 : 515
#CHOLAFIN forming a bullish flag on daily chat and a #rectangle on hourly, entry exit and targets are clearly mentioned in the chart itself.