CHOLAFIN at Key Weekly Support Level Check for Price action on Hourly & Daily time frame for long or short trade
CHOLAFIN Key highlights: 💡⚡ 📈 On 1D Time Frame Stock Showing Breakout of symmetical triangle Pattern. 📈 Strong Bullish Candlestick Form on this timeframe. 📈It can give movement upto Breakout target of 865+. 📈 Can Go Long in this stock by placing stop loss below 705 or last swing low. 📈 Breakout this can give risk:reward upto 1:4+.
Price is consolidating in a zone, breaking above 788 level can be a good upside. Break and retest will be safer entry.
Stock Name - Cholamandalam Investment And Finance Company Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 770 #This is not Buy and Sell recommendation to...
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.
Already breakout if it 752 passes then we go for a trade TARGET IS 820
📈 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...
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 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
Good for buying above 535 all support and resistance and target given in the chart for learning and educational purpose.
Reason for going BUY The price has broken out of the resistance level with strong consolidation and huge volume The RSI is above 60 which shows bullishness The rounding bottom pattern has been retested This is for educational purposes, based on your own money management decide to enter or not.
Note: 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₹
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!!
Cholamandalam Investment and Finance Company
Note: 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.
CHOLAFIN 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...