CHOLAFIN trade ideas
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.
CHOLAFIN SELL ON THE WAY SELL THE STOCK AT 177 TO 179
SL 186
TARGETS
170
161
153
144
POSITIONAL SELL
THE STOCK CAN REVERSE FROM STIFF RESISTANCE AT 170 WATCHOUT TARGETS SAME
Inverted HnS on Cholamandalam Inv & Fin Breakout abv 165!Cholamandalam has formed an inverted HNS pattern & breakout of the same is above 165 level. Breach and sustenance above 165 can take it to 205-208 levels.
BUY ABOVE 165 FOR A POSSIBLE TARGET OF 210++(Weekly Triangular breakout) with the support line breakout in Hourly chart,good volume
CHOLAFIN - Retouched the breakout level and turned bullishBreakout Retested beautifully
RSI oversold territory crossed above 40
Open Interest 170, 200 in No.1 & 2 places with good volume
Looks like a good shorting opportunityStock is down again from the supply zone. Buy only if it closes above with good volume. One can short at the current level with the SL closing above supply zone.
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.
Buy, Wait for the trend line to breakEntry only after it breaks trend line . Target 183.
Good volume expansion in last couple of weeks.
CHOLAFIN CASH : SELL AT RISE AROUND 147-149CHOLAFIN CASH
04.06.2020
SELL AT RISE AROUND 147-149
STOPLOSS 154
TGT 139-140
RISK FREE BELOW 138 FOR 120-122 SL 148
CMP 142.60
Cholafin range boundMade enough money in this oscillation. Today's longs post 1500hrs may reap in good profits on Monday post finmin press briefing
Bearish BatOn 15 min TF, can see bearish bat formation on CHOLAMANDALAM.
If on 27th May 2020 stock reach till 126 - 125 level by 10:00 AM, it can be SHORT on Intraday basis with SL at 129 -130 level and target of 119.
CHOLAFIN, HOW I EARN 3 POINT ( TRADE ANALYSIS)When the Trend Line Breakout, I Entered in CHOLAFIN in futures and Earn good Profits
If you want to Learn Price Action Ping me Personal Msg On Tradingview
CHOLAFIN - Long plan above 155Chola Fin is making higher high's from past 4 trading sessions from bottom levels.
Considering market trend, an consider for short term long position.
Above 155 - > target 166 / 183
Pls add to watch list
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 FIN POSITIONAL TRADECHOLA FIN TESTING MULTIPLE RESISTANCE LEVEL
SELL CHOLA FIN FUT OF JUNE SERIES WITH A STOP LOSS OF 161
TARGET UP TO 127
Cholamandalam Inv Short - ABCD PatternTurning out to be ABCD Fibonacci Pattern in the making. ABCD pattern seems be concluding at 27th May or 1st June.
For Educational Purpose Only
Stock is near important supportStock is near important support, chances are very high that it will go upside. If it breaks the support then we will see a major fall.
