Chola Fin Shorttrendline breakdown with -ve rsi diversion with bearish pana wala candle formation closing required below 530 for positional short. t1 500/t2-480 SL todays high
CHOLAFIN trade ideas
Chola Fin - Intraday Set up 1 Stock has come back to its 100 EMA. Structure is already provided for reference along with S&R LEVELS
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
LONG or SHORTLooking at price action :
it conveys to go long
but it will also depend on earnings in comming day
Risky trade
I am bullish!!!
RisingWedgeBreak :: CholafinRising Wedge Break with volume rise in breakout candle, Can be sold on confirmation.
Target Line's are captioned.
INTRADAY - WATCH CLOSELYA Breakout looks imminent. Keep a watch from the beginning of the trading session.
CholanfinAs banking and financial sector under much pressure casusing by covid second wave we may see further down side but yet wait for market to confirm the same.
Follow on insta covid_trader
Cholafin - Raising wedge Price forming raising wedge pattern and it has all chances to fall as shown in the pic.
MAJOR CORRECTION ON THE CARDS.EXIT LONGS.END OF IMPULSE CYCLEWE ARE IN WAVE 2 OF INTERMEDIATE DEGREE OF WAVE 5 OF WAVE 5 PRIMARY DEGREE OF WAVE 5 CYCLE DEGREE.LOOKS LIKE UPTREND IS ABOUT TO END.TIME TO EXIT AS AFTER THIS WE WILL BE HAVING CYCLE DEGREE CORRECTION WHICH CAN DRAG PRICES SIGNIFICANTLY LOWER AND WHICH WOULD LAST FOR LONGER PERIOD.CURRENTLY PRICES ARE AT 548,LOOKING AT THE PRICE PATTERN AND VOLUMES IT SEEMS THAT WE MIGHT SEE IT FORMING ENDING DIAGONAL OR WEDGE PATTERN.ANY BOUNCE BETWEEN 594-617 SHOULD BE USED TO EXIT LONGS.
I HAVE TRIED TO FOLLOW MOST OF THE RULES WHILE LA BELLING THE CHART,IF ANYONE FINDS IT INCORRECT THAN PLEASE SUGGEST YOUR VIEWS.
DISCLAIMER:I AM AMATEUR ELLIOT WAVE THEORY PRACTITIONER AND MAY TAKE POSITION ON SOME IDEAS THAT I POST.ANYONE READING MUST UNDERSTAND THE RISK AND NOT JUST ACT UPON MY VIEWS.
SELL CHOLAFIN - APRIL MONTHIt has been rallied continuously and now it has reached its threshold limit / overbought region in weekly chart as per RSI and as per Price Action. Short between 560-577 for the mentioned Target with Strict Stop Loss,
Note : This is just my analysis / opinion and I have the right to be wrong. It is Not a Recommendation / Promise.
Breakout candidateIf market supports tomorrow we can see a good breakout in this counter.
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Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
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As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
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#cutyourloserholdyourwinners
CHOLAFIN: Channel support betCholaFIn has taken support on channel bottom, this can bounce from bottom of channel to top end of channel
channerl within channel CHOLAFINKEEP THIS IN RADAR
the perfect example of technical analysis.
learn to earn
Chola finance Good short candidateChola Finance Spot CMP 555
Counter is giving price rejection around 570 levels from last 2-3 trading sessions...
Nearest demand zone around 550-555 levels
Once breaks 550 levels and sustains for 30-60 mins ,, weakness can be seen in counter..
Bearish divergence in RSI ,, where price is making higher high and RSI is making Lower high..
Down side 515-520,, below that 470-480 levels possible..
Good short candidate...
Long from positional perspective.This is a view for the short-term time frame.
Hypothesis: The stock has given a breakout in the positive direction. Still, to avoid fake breakouts we can wait for the closing to be above our entry-level and initiate the trade. If it's a genuine breakout this can be a very rewarding trade.
