CHOLAFIN | TRADING IN A CHANNELIt keeps moving in a parallel channel from past few sessions.
Also 395-400 is good support area..it may bounce again.
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CHOLAFIN trade ideas
Buy on dips around 370-350 for new life time high targetsStock is in minor degree wave (iv) correction which should get over around 350-340. Accumulate in the range of 370-350 with SL 310 for targets above 550, 600+
Flag Pole structure in CHOLA FINPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
INTRADAY OPPORTUNITY BUY above 440 for TGTS of 3-5-7-9 points...SL 436..
JUST A view better seek professional advice.
CholaFin - BUY for positional tradersReason for going BUY
The price has broken out of the resistance level with strong consolidation and huge volume
The RSI is above 60 which shows bullishness
The rounding bottom pattern has been retested
This is for educational purposes, based on your own money management decide to enter or not.
Chola Fin Channel BreakoutChola Fin Channel Breakout and fibonacci retracement
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
Bullish Flag in 4H ChartFlag In 4 Hourly Chart
Breaking above 446 might give another 50 points to 500
Entry above 446
SL 410
Longs getting Unwidened in Futures though.If there is some Shortcovering in next couple of days it can hit the target.
CHOLAFIN Flag and pole pattern - Intraday to positionalNSE:CHOLAFIN Levels already mentioned.. For Intraday to Swing...
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Note:
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2. Always remember SL is your lifeline not the big target...
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Clear consolidation between 435 and chance of a strong breakout.Watchout for a strong breakout above 439.
CHOLAFINIf sustaining above 215 Looking good for Positional and Short-term Pick
Buy above 215
Stop-loss 200
Positional Target 230
Short-term target 250
