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.
Cholafinlong
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.
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
