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.
CHOLAFIN trade ideas
Chola FinFlag formation in daily chart in short time frame there is cup n handle formation good consolidation we can watch long above 217 sustaining for tgt of 234/250 with support of intra 213 positional 195### also taken Fibonacci support at FR 61.80% in hrly chart.
Cholafin for IntradayCholafin tested this strong resistance level quite a time!
Now it can give a breakout on tomorrow.
Wait for the price action!
And DM me if any support is needed!
cholafin continue move uptrend for positionalcup and handle pattern
continue move in uptrend
for positional traders
INTRADAY FOR CHOLAFINCholafin has beautifully came out of 15 min trendline resistance and took another support on the trendline resistance now its all set to go up!
Your target can be the peak high of the Triangle!
# 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.
if you liked please don't forget to follow me.
CHOLAFIN TRADELearn price action trading!
But please note I am not sebi registered advisor to provide you any service!
this is just for educational purpose
CHOLAFIN MAKE OR BREAK ZONECHOLAFIN IS NEAR 38.2% RETRACEMENT LEVEL FROM ITS HIGHS OF 348 BREAKING OF 216 ON CLOSING BASIS CAN LEAD ITS REALLY TO 235-40 ELSE IF 194 BREAKS ON CLOSING BASIS WE MAY SEE 175-70 LEVELS SIMPLE AS THAT...
Breakout in Cholamandalam Investment and FinanceStock has given breakout. Buy above 210 for target of 235 and 246. Watch and trade at your risk.
Make it or break it!Look at the chart,
It is not a call.
Want to make money along with me?
-Click on the follow button.
Chola mandalam trade plan after earning upside tgt 207 down 120after the earning trade in chola mandalam, earning was not as per estimate. infact it has upset the street. however it seems mkt already discounted that bad result, and stock might go up from here.
current resistance at 161 breaking this stock may reach 207. downside seems to be limited however support at 120 is strong.
