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
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
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...
Cholamandalam Inv is expected to have a reversal breakout from its bottom support, so give an entry with appropriate Stop loss only after a clear bullish candle from its bottom
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout...
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
CHOLAMANDALAM FINANCIAL HOLDINGS has had very strong buying pressure the last one week. We might see a breakout. After the breakout, buy after the next possible pullback or retest.
Educational purpose only - trade at your own risk.
one can short till below support level if find short trade as per your trade setup.
******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.