CHOLAFIN IS NEAR 38.2% RETRACEMENT LEVEL FROM ITS HIGHS OF 348 BREAKING OF 216 ON CLOSING BASIS CAN LEAD ITS REALLY TO 235-40 ELSE IF 194 BREAKS ON CLOSING BASIS WE MAY SEE 175-70 LEVELS SIMPLE AS THAT...
NOTE: This is for educational purpose only.
My previous view of CholaFin was wrong . Fresh view is a proper bullish breakout with hike in buying volume. When there is a breakout with high volume, usually it is not a false breakout. This seems to break 185 levels as well.
Resistance Breakout happened with Huge Volume.
Can Go Long with recent Swing Low as SL.
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DISCLAIMER: This is one of my personal view and not a recommendation.
If CHOLAFIN moves above 165, (which it was trying to break since one month) 166 would be a good entry for intraday trading. Also set 176 for a safe exit.
Chola Fin is making higher high's from past 4 trading sessions from bottom levels.
Considering market trend, an consider for short term long position.
Above 155 - > target 166 / 183
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INTRADAY TRADE IN CHOLA FIN
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