Cholafin - Weekly inside candle breakoutCholafin has given a good breakout on closing basis in weekly time frame, where it was consolidating for last few weeks in a range. It looks like has potential to move further up and make new highs
CHOLAFIN trade ideas
Cholamandalam Investment And Finance - Long Setup, Move is ON...#CHOLAFIN trading above Resistance of 966
Next Resistance is at 1111
Support is at 797
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CHOLA - Parallel Channel & RetestThe stock analysed on following parameter :
- Parallel Channel Breakout.
- Area of Confluence : the price retest breakout level and now resistance level acting as support.
- Fib Level : price retrenched to 50% and uptrend signal visible.
- EMA : price above all key moving average.
- Candle Analysis : Doji follow up with Bullish Candle from retest level.
The short term resistance level will be Rs 800 and stop loss can be placed below support level.
Thanks
-AJ
cholafin - short stock has run 60 % in 12 weks .
price violating 3 week EMA
3-6 MACD and price showing divergence
target 1- 1078
Looks double top breakdownChola fin have seen too fast to big run in recent times it’s time cool things little down let’s see if can sell it near 1100 sl 1120 for 950
Elliott Wave - Leading DiagonalA multi year leading diagonal leads to an extremely powerful wave iii . Regards
CHOLAFIN Swing tradeTrending Stock.. Breakout of recent High making a new High with excellent Volume.
Psychological number 1000 can be target which turns out to be 1:3 Risk Reward.
Buy above the breakout candle.
Not a recommendation.
Chola finance breakout of flag & pole patternChola fin just gave breakout of flag & pole pattern with high volume & rsi above 60.
My next tgt is 1160 within 10-15 days
CHOLAFIN gave breakout in the 30 mins time frameAfter the long rally of CHOLAFIN took 2weeks consolidation. Now it started the rally again. Looks good for short tern. My targets are 1060, 1070, 1100
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in CHOLAFIN
BUY TODAY SELL TOMORROW for 5%
CHOLAFIN TARGET 1137CHOLAMANDALAM FINANCE long term raising wedge weekly breakout and bullish. If it sustains above 991 it will reach the target of 1137
#Cholamandalam finance Analysis Stock is trading in higher high pattern maintaining supportive trendline, follow chart for proper support and resistance levels.
4th May 2023|| CHOLAFIN - Intraday Levels Marked OutAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 4th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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CHOLAFINThe stock has registered its highest Monthly Close.
The Monthly MACD has also turned positive.
In the past such instances, the stock has given a strong rally in the following months (One exception, where price failed to clear prior all time high)
The stock could hence see a decent rally in the coming few months.
Bullish View remains valid as long as prices stay above Rs.800.
cholafinCholafin broke out of flag N pole pattern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & target.
VIEW ON CHOLA MANDALAMGood chart structure
Breakout occured on the stock
Buy above 848
Stop loss 820
I am just representing my views
For educational purpose only.
Trendline Breakout in CHOLAFIN CHOLAFIN made a good breakout with huge volume, we can buy at current level and average it till 820. SL @ 810 TGT1 : 870 TGT2 : 890
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
CHOLAFIN - Ichimoku Bullish Breakout Stock Name - Cholamandalam Investment And Finance Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 848
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Cholamandalam fin. bullish mode.Cholamandalam fin. is in bullish momentum. It is working in parallel channel. it may test 904 soon.
Go LongCHOLAFIN breaksout of a long term consolidation. Good time to enter 1 tranche and wait for taking out today's high to enter the next tranche.
R:R - ATR - 2:4
CHOLAFIN -long 3 white soldiers with decent volumes
wait for price to test 740 level
price above 200,50,18,3 day EMA
MACD 12-26 about to cross over
Chola finance in bearish modeIn coming days we can see more weakness in stock if trading below 200 EMA. Shortly we can see the 690 to 650 levels soon in the stock. So add the stock in your watch list.This is for your educational purpose only.
Cholamandalam Invt Cmp 762 dated 18-3-2023 Triangle BOCholamandalam Invt Cmp 762 dated 18-3-2023
1. Traingle Pattern Formation
2. BO above 768
3. RSI already had BO
Buy above 768 for target 775-785-800-810-835 SL 750
It is just a view, please trade at your own risk.
