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CHOLAFIN

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
NSE:CHOLAFINShort
by Trading_buddy
2
Chola finance is on bullish mode On daily chart of Cholafin is on bullish mode & trading above the 20 EMA Level . RSI level is also above 60 which is again the sign of strength. Now above 224 after the BO as marked will take long entry for the next target level of 235 - 240. So add the stock in your watch list & see the price action movement of the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:CHOLAFINLong
by Tech_stock_trader