CHOLAFIN
Stock Analysis of Chola FinancePrice - ₹253.75 Dt. - 10-10-2020
Price takes the support of 21DEMA and 50DEMA. price is also moving in a range. It looks like the price will further go down till the trendline or 50DEMA before moving up. If the stock starts falling in the next trading session then to wait till it takes to support and starts moving back. If the stock moves upward and breaks the horizontal line which is placed at ₹264.60 than to wait till it takes the support of the blue line. RSI is neutral.
CHOLAFIN looking good for buy above 260 for SWINGCholafin is trading near its swing high, looking at the strength if breaks 260 and sustains more gain upto 285 can be seen. SL would be 249.
CHOLAFINCHOLAFIN Take support at Important trend line and also try to break important resistance of level 228 so if break this level and sustain then we can add in over Buy watchlist.
Entry Price: 228
Stop loss:206
Target:260
DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
chola fin ready to rockCup & Handle Pattern Spotted in 4h see idea and in 2h prefect setup ready to shine
stay tune on mcpriceaction
feedback in comments section welcome
Volume Seems to be in favor of bulls
Cholamandalam InvestmentCHOLAFIN For :- (Intraday & Swing)
Look For BuY (After Pennant Breakout)
Why 🤔 :- Closed Above 200DMA & 20DMA, Inverted Head & Shoulders Pattern, Fib Retracement (Target's), Above Short Term Support.
Buy Zone :- 240 or Above
SL :- 226-227
Target's 👇
1st = 245.80
2nd = 249.85
3rd = 256.45
4th = 267.10 (If Holding)
Keep Your Eyes On Index
(Risk Must Be Managed.)
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--Any Suggestions--
Buy Chola Fina swing tradeBuy chola Fin above the level of 233 for the next target level of 245-250 . Support respected @ level of 225. Take entry after the BO of TL.
Good buying candidate. This is for your educational purpose.
cholafin consolidating for a breakoutA minor fibonacci retracement mai come then a breakout
BUY CHOLAFIN BETWEEN THE RANGE OF 218 to 235
NEXT TESTING PRICE 245,260
CHOLAFIN is Making Making Ascending Triangle Pattern (Breakout)Cholamandalam Investment and Fin Co Ltd ( NSE:CHOLAFIN ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high.
Target and stoploss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Kruti Di Experiment 1 with CholaChola is getting into a triangle pattern ! On the verge of a immediate resistance. Options data suggest that call writing is happening ! Futures Data suggest that price has declined but Futures OI hasn't decreased relatively !
CHOLAFIN Fibonnaci SHORT, 20% returnTarget:- 205
SELL at 260
since it is at critical Fibonacci level i.e 61% level
will go down till 38% fib level
CHOLAFIN LOOKING GOOD FOR INTRADAY/SWING BUYCholafin is looking good on charts. It has been trading in raising channel, yesterday it closed at the top of the channel. 225 was resistance which also broken with volume. Buy if breaks and sustain above the PDH.
Cholamandalam FinanceChola Fin has formed a bear piercing candle at the resistance. If today it breaches the last green candle's low and sustains, more fall may happen
#CHOLAFIN - 4 hour chart bullishCHOLAFIN - Bullish setup
4 hour chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
Cholamandalam Finance - Short for a target of 189.50Date- 02 Aug 2020
Cholamandlam Finance (CMP 202.50)
Double Bottom Pattern. Also Max OI addition is at 180 strike price (1.60 lacs OI added in just 1 day). It shows where the under current is building up in the stock.
Target - 189.50
T1- 198, T2- 193.50, T3- 189.50; SL- 207
Once the stock price moves below 190 then new opportunities will open for 180 level. Will review the stock price below 190.
CHOLAFIN ELLIOTE WAVE SETUP !Hello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS.
As you see in the chart the impulsive wave ( 1,2,3,4,5 ) completed and price shifted toward corrective wave A, B and C
The cholaFin consolidate between same area from few days and last day its gives a fake breakout.
stocks looks bearish toward 200-190 Sl 225
If you are doing option trading then you can Hedge your position by selling
-1x 27AUG2020 205CE - ₹ 21.4
-1x 27AUG2020 190PE - ₹ 8.9
Thanks
Cholafin - Evening Star + Fib retracement Short below 211 for 207, 205, 203, 201 with SL at 214.5
Risk averse may want to enter below 207.
