CHOLAFIN looking good for buy above 260 for SWINGCholafin is trading near its swing high, looking at the strength if breaks 260 and sustains more gain upto 285 can be seen. SL would be 249.
Cholamandalam
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
CholaFin - EMA pullback + Fib level support BetLooking good buy at CMP (or buy on Dips) for Short term buy (Up to Friday) - Targets 210, 215, 220 with SL at 195
For details of Fib retracement levels, refer the linked idea.
If market & BN doesn't come crashing, Go long on August Futures or OTM options.
For Intraday, It may be a risky trade - trade in the direction of market.
CHOLAFIN LONG !CHOLAFIN given break out zone today one can invest at current price with immediate target for 240/-
Cholamandalam - Build up near resistanceNote: This is for educational purpose only.
There is a strong build up near resistance for the last 20 days or so. RSI is above 60 which indicates strong bullish momentum.
# 22 Long Cholamandalam Investment and Finance for 235 to 260NSE:CHOLAFIN
Reason Being:
1. Bullish Flag Breakout
Every Price Action Pattern after breakout provides some Target Range and according to Triangle:
Target Price: 235 and 260
View Negated Below: 201 in closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
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CHOLAFIN - Bullish BreakoutNOTE: This is for educational purpose only.
My previous view of CholaFin was wrong . Fresh view is a proper bullish breakout with hike in buying volume. When there is a breakout with high volume, usually it is not a false breakout. This seems to break 185 levels as well.
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.
An opportunity in CHOLAFIN for Intraday.DISCLAIMER: This is one of my personal view and not a recommendation.
If CHOLAFIN moves above 165, (which it was trying to break since one month) 166 would be a good entry for intraday trading. Also set 176 for a safe exit.
INTRADAY TRADE IN CHOLA FININTRADAY TRADE IN CHOLA FIN
BUY@156
STOP@153
TARGET-1@158
TARGET-2@160.75
TARGET-3@165
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
CHOLA Finance Trading Setup (High Possibility)Looks like a very interesting pattern. Finding a Reverse Head and Shoulder Pattern at the bottom of a down trend is highly successful.
CHOLAHLDNG BULLISH - TRIANGLE PATTERNCHOLAHLDNG with high percentage of delivery (82% last eight days). Needs more volume to be meaningfully indicative.
Cholamandalam invCholamandalam inv- Cmp-1389, May test 1350.1350 is gud support area horizontal and trend line.
clear cut sell-cholamandalamthe stock is going for a 1month time frame pullback-refer to chart for target and SL
CholaFin Short Trade SetupAfter a heavy volume selling, volume is seen decreasing with a rising wedge/rising channel. This shows probable consolidation before the selling trend resumption! There is also a near bearish engulfing pattern seen the day before!
