Time for breakout- short term viewBuy on breakout above 560 for Target 600 and more
Stoplose 525 (R/R=1:2)
Cholafinance
CHOLAFINGood for buying above 535 all support and resistance and target given in the chart for learning and educational purpose.
CHOLAFIN CONSOLIDATION Breakout 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 CONSOLIDATION 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 interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
CHOLAFIN - NEUTRALCHOLAFIN can give move on both side , so keep eye on it.
Disclaimer - Only for educational purpose.
CHOLAFIN - Build up near resistanceNote: This is for educational purpose only.
There seems to be a build up near long term resistance/ supply zone which indicates loss of selling pressure. Moreover, there is an increase in volumes. RSI above 65 indicates bullish momentum.
Buy above: 575₹
SL: 509₹
CholaFin on the verge of a Head & Shoulder breakdown!!??On the 30 min timeframe, Cholamandalam Finance seems to be on the verge of a breakdown if it is able to break down the level of 362!!
The OI data also indicates Short Buildup!!
Once it breaks the level, the first expected stop will be 350, then 340, then 330 and the final target expected is 310 odd!!
Cheers!!
CHOLAFIN - Ascending Triangle bullish breakoutNote: This is for educational purpose only.
There seems to be a ascending triangle bullish breakout with high volume. Previous support has turned resistance. Moreover, RSI above 65 indicates bullish momentum.
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.
BUY TRADE IN CHOLAMANDALAM FINANCEDOUBLE DOJI FORMATION IN SUPPORTAREA INDICATINGLACK OF SELLERS.BUY TRADE CAN BE INITIATED
FROM HERE
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
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 LONG !CHOLAFIN given break out zone today one can invest at current price with immediate target for 240/-
