CHOLAMANDALAM (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...
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.
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.
Hello I don't know that have you spotted it or not but..... i spotted it today when i was analyzing Nifty 500 i found Cholamandalam Housing i found a very small head and shoulders but when i looked it more deeply i found this. But as you all know we can't sell it like intraday as we can only buy in delivery so but to take knowledge you can watch some similar...
I have marked the demand zones for Chola fin.
It's an easy 10-20% from the demand zones, the trend isn't much strong but we will be playing a reversal so the risk to reward is quite high.
This 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...
📈 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...
Cholamandalam has given a big breakout above all time high and should be an easy pick giving 20% plus returns in the coming trading sessions. Stop Loss at 660
Cholamandalam 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...
Chola fin inv :-
Multiple harmonic pattern matures around480 levels
Wolf wave formation around same levels
macd positive cross over
Rsi bullish divergence with breakout
Falling trend line breakout
good long candidate
15 to 20 % upmove possible
cholamandalam volume buying started from 470 level
at start of the month
than weaker hand
taken out by retesting 470
now small hurdle of 515
if this time 515 levels taken out than
530--540+++ level can be seen in short
time....
