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...
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...
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...