Cholafin - Bearish PossiblityResistance zone at 1335 - 65
Expecting a pull back from the area
If falls downside target may be around 1200
View negates with hourly close above 1270
Cholafinanceanalysis
CholaFin Breakout: Riding the Momentum Wave"CholaFin has broken out on the daily timeframe, signaling a strong upward momentum. With technical indicators supporting the breakout, the price is expected to rise further, presenting an excellent opportunity for traders to ride the bullish wave.
CholaFin Wave Analysis - Wave 3 is Running! Use Ichimoku to RideCHOLAMANDALAM (CholaFin) Chart Analysis
As per Elliott Wave analysis, CholaFin is still bullish. The price reversed after a strong bullish divergence in the MACD and has completed the subwaves of Wave 2 of Wave 3. Currently, it is moving up in Wave 3 of Wave 3.
Use Ichimoku for entry & exits (Daily time frame):
Entry Point: Look for a good dip to enter and avg(for long-term) when the price is near the Ichimoku Cloud's support. Enter when the Price breaks TS/KS with momentum candle.
Exit Point: Consider exiting the position when the price starts to show weakness near TS and KS in daily chart. Another exit signal could be when the candle close below the cloud.
By using the Ichimoku indicator in conjunction with Elliott Wave analysis, you can identify more precise entry and exit points to maximize your trading strategy.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
Cholafin long view (buy)As we can see the bullish reveral as per channel pattern consideration we can plan long trade.
Entry = 1147
Target = 1172, 1192, 1220, 1264
Stoploss = 1120
Disclaimer : Only for educational purpose, trade at your own risk.
CHLOAMANDAL FIN LONG POSITIONAL VIEWAs we can see the bullish reveral as per channel pattern consideration we can plan long trade.
Entry = 1147
Target = 1172, 1192, 1220, 1264
Stoploss = 1120
Disclaimer : Only for educational purpose, trade at your own risk.
Cholamandalam Investment and Fin Co Ltd - CHOLAFINWhat a bearish setup this is that I spotted, Trust me.. These are the setups that I would Rank A.
Recommend you guys to stay light or not at all on bullish tone.
Cholamandalam Investment [CHOLAFIN] at Key weekly Reversal PointCHOLAFIN at Key Weekly Support Level
Check for Price action on Hourly & Daily time frame for long or short trade
Symmetrical triangle pattern breakout in CHOLAFIN.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+.
CHOLAFIN long idea for intradayPrice is consolidating in a zone, breaking above 788 level can be a good upside. Break and retest will be safer entry.
CHOLAFIN - Ichimoku Bullish Breakout 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 any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
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CHOLAFIN ATH breakoutCholafin 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.
Chola Finance Analysis !! Broke Out.📈 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 are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Cholamandalam Investment & Finance Company Ltd - 11.02.2022Cholamandalam 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 for the price action
CHOLAFIN TF: 15MinCHOLAFIN 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 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
CHOLAFINGood for buying above 535 all support and resistance and target given in the chart for learning and educational purpose.
CholaFin - BUY for positional tradersReason 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.
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.
