In coming days we can see more weakness in stock if trading below 200 EMA. Shortly we can see the 690 to 650 levels soon in the stock. So add the stock in your watch list.This is for your educational purpose only.
Cholafin made a new ath today with strong closing above the Triangle pattern upper TL. Swing traders can plan a trader in this with proper Risk Management.
📈 CholaFin 📉
This broke out from a resistance zone 690-700 on closing basis after testing three times.
On Buy Side I am looking for Targets of 800 - 820 zone.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept in 680-690 zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels...
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...
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...
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 spot cmp 488
bullish wolf wave and bullish deep crab pattern formation
good bullish hourly candle formation seen after selling pressure,,
good long candidate around current levels
NSE:CHOLAFIN
If u follow me since long then you must know now that Harmonic is all about reversal trading strategy and by help of this strategy you can find most accurate top and bottoms of any swing on ant time frame. and if you follow me since long then you must even know that we have shared many mind-blowing swing trades.
And as I said Harmonic is purely...
Buy above 570
for 585/590/600 for short term and long term goals can give up to 650 targets.
Stop-loss - Keep accumulating at bottoms.
The chart forams a strong bullish Elliot wave.
Chola Fin Buy above 560 - 15 min candle closing basis (Intraday Trade)
Target 570- 575-580-590-600+
SL Below 550 - 15 min candle closing basis
Adjust fut levels as per this (All given Levels are cash levels)
Chola fin CE Buy above 25 for Target 30-35-40-45-50
SL below 18
CHOLAMANDALAM FINANCIAL HOLDINGS has had very strong buying pressure the last one week. We might see a breakout. After the breakout, buy after the next possible pullback or retest.
Educational purpose only - trade at your own risk.
Good luck.
![CHOLAFIN: Cholamandalam Investment [CHOLAFIN] at Key weekly Reversal Point](https://s3.tradingview.com/z/zEwOfIen_mid.png "Cholamandalam Investment [CHOLAFIN] at Key weekly Reversal Point")
