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Cholamandalam

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
NSE:CHOLAFINLong
by WaveMoku
CHOLAMANDALAM INVESTMENTThis stock has broken down support trend line on daily chart along with good intensity of volume. Stock is possibly forming a bearish head and shoulder pattern and currently, the neckline is at 603. close below 603 will confirm a head and shoulders breakdown which may the open the gates of 482 levels. Also trend indicators like macd, rsi, rk momentum, rk mass psychological cloud, dmi and adx all are supporting same bearish bias, which increases our confidence to go short in this stock. Price is now trading below 20DMA and also below lower bollinger band which increases our negative bias as a momentum fall expected. The elliot wave structure suggests that the short to medium term uptrend has reversed because wave A was possibly a five wave decline, and corrective pullback wave B looks complete and now possibly wave C is unfolding. RK's momentum also given a sell signal. If wave C is going to equal to wave A then 562 is minimum to go for, and if it goes 161.8% of wave A then we can see 482 levels ( head and shoulder pattern's size ) Breakdown with a good intensity of volume Price also broken 20DMA and now trading below lower Bollinger Band macd negative crossover on daily also below zero line macd already running negative on weekly chart RK's stop line along with mass psychological cloud suggesting to go short RK's momentum sell activated on daily chart rsi on daily downtick and below 40 dmi adx also negative on daily chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:CHOLAFINShort
by RK_Chaarts
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.
NSE:CHOLAFINLong
by ShelendrAgrawal
CHOLAFIN Rebound from Support; LONG TRADECholamandalam Investment has been following a parallel channel. It recently touched upper band and corrected down to the lower band of this channel. The support stands at levels of 577-580. You can Go LONG Here, and exit this trade at upper band of the channel. Also, this stock has been consolidating for long, after a strong bullish movement. The breakout of this channel can lead the stock to scale NEW HIGHS. I am personally Bullish on this trade! ** I am not SEBI registered, kindly consult your advisor before taking trade.**
NSE:CHOLAFINLong
by ParyataK
1
📊 #chilafin At Harmonic PRZNSE:CHOLAFIN If u follow me since long then you must know now that Harmonic is all about reversal trading strategy and by help of this strategy you can find most accurate top and bottoms of any swing on ant time frame. and if you follow me since long then you must even know that we have shared many mind-blowing swing trades. And as I said Harmonic is purely reversal trading strategy so you should have knowledge of reversal trading if you wanna trade on our Harmonic charts. some times we might not get reversal at PRZ levels as you know there is no 100% strategy in Stock market but at that time you have to follow proper risk management and positioning and sizing so you can save your hard earned money from major losses. To trade on this chart you must have knowledge of perfect reversal then only trade on our charts else take just take this chart as educational purpose only. as we can see in chart that there are two harmonic patterns are there. and here we have to follow closing basis stop loss of second pattern. so if we consider all PRZ here then from 507 to 491 Zone is your reversal zone her and if find reversal in this zone then one can trade with given stop loss which comes at 482 Closing Basis. Be independent trader. Take charge of your own Trades. Learn . Apply . Grow ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
NSE:CHOLAFINLong
by linesandlevels