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.
Cholafinsell
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.
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 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
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
Chola Fin - Bearish RSI DivergenceNote: This is for educational purpose only.
There seems to be a bearish RSI divergence where price makes higher highs but RSI is contradicting. Moreover, there is a shooting star on hourly chart.
CHOLAFIN near strong resistancePrice already rejected this level main times and it will do it again probably. And Stoch is also over 80. So strong SELL signal
