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CHOLAMANDALAM IN & FIN COCHOLAMANDALAM IN & FIN COCHOLAMANDALAM IN & FIN CO

CHOLAMANDALAM IN & FIN CO

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CHOLAFIN trade ideas

CHOLAFIN - ReassessmentThe last time I posted the chart, the inverted Head and Shoulder pattern was evident and it had signaled that the downward trajectory has been arrested. However, the analysis was premature and with the very close Stoploss we were safely out of the stock. That is the benefit of having a stoploss. Since then the stock has gone on to form a nice base respecting that bottom zone the Inverted Head and Shoulder had arrested and also now it is making a more evident Triple Bottom on the Support line of the Ascending Channel. I believe the stock is now ready for an up move.
NSE:CHOLAFINLong
by CannySunny
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ; Leave a " Like If you agree ". 👍 . Wait for small retracement & daily candle to close above - "1260". Trade carefully untill ENTRY level. . Entry: 1260 Target: 1430-1560 sl: 1199 major stoploss/ support: 1190 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:CHOLAFINLong
by TheNuraTrading
1
Cholamandalam: All Eyes on ₹1,310—Can Earnings Push It Higher?Cholamandalam Investment and Finance Market Cap: 1.09 T Free Float Shares: 50.28% Closely Held Shares: 49.72% Revenue Streams Vehicle Finance: 57.96% Loan Against Property: 15.81% Home Loans: 8.77% Unallocable: 3.71% Other: 13.76% Earnings and Revenue Date (Dec '24): Friday 31, Jan 2025 With earnings and revenue data scheduled for release tomorrow, Cholamandalam Investment and Finance Company Limited is approaching a critical juncture. The stock is currently testing an initial resistance level at ₹1,310. Technical Indicators : Weekly MACD : The Moving Average Convergence Divergence (MACD) on the weekly chart indicates strengthening buying momentum, accompanied by a decline in selling pressure. Financial Performance : In the quarter ending September 30, 2024, the company reported: Total Revenue (YoY) : ₹63.22 Billion (34.66% inc.), a significant increase from ₹46.95 Billion in the previous quarter. -TV Financials Net Income (YoY) : ₹9.68 Billion (25.22% inc.), up from ₹7.73 Billion in the prior quarter. -TV Financials Resistance Levels : Should the upcoming earnings report meet or exceed market expectations, the stock may break through the ₹1,310 resistance, with subsequent resistance levels at: R2: ₹1,458 R3: ₹1,653 Market Outlook : It's important to note that the broader market is anticipated to undergo a correction until March 2025, which could result in heightened volatility during this period. Disclaimer : This analysis is for informational purposes only and should not be construed as financial advice. Investing in the stock market involves risks, and it's advisable to consult with a certified financial advisor before making investment decisions.
NSE:CHOLAFIN
by sandeepbalachandran
Technical Analysis of Chola Finance (CHOLAFIN) - Daily Chart: Technical Analysis of Chola Finance (CHOLAFIN) - Daily Chart: Chola Finance on the Move! Are You Watching? After a steep correction from ₹1700, CHOLAFIN is now bouncing back from its strong support at 1150! The bulls are showing signs of life, and the volume suggests something BIG might be brewing! Key Levels to Watch: ▲ Resistance: 1320 ▾ Support: 1150 What's Next?: Breakout or Breakdown? Keep an eye on 1320 for a bullish confirmation or 1250 for any weakness!#CHOLAFIN
NSE:CHOLAFINLong
by EmpireCrown
CHOLAFIN - has completed 5 wave impulse from Covid LowsCHOLAFIN - CMP 1280 Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650) The correction could stretch up to 0.618 or 100% of the 4th wave lows.. Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky, hitting that zone will be a jackpot It is not going to be one way fall though.. Because it is a long range cluster (1000-1300 - multiple week consolidation range) and there will be multiple supports and bounces on the way.. Immediate support for now is 1180
NSE:CHOLAFINShort
by Murthy_Santhosh
1
Swing Trade Idea in Murugappa Group stock | 30% upside possible.Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock name is Cholamandalam investment and finance ltd, which is belong from Murugappa Group, a prominent Chennai-based conglomerate founded in 1900. It is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property. Stock has almost taken support from important support zone, i feel this should fly now towards 1500+ levels within 1-3 months timeframe. I have positive view in banking and non banking finance company atleast for near term, chart is really looking good from here, so there is higher probability that we are gonna to see good momentum in it. For short term i have written all the levels on chart you can follow. Stock is really good for long term as well and it is giving good entry levels as well on discounted price. So if anybody wants to decide and go for long term investing can go from here... Fundamentals:- Market Cap ₹ 1,01,590 Cr. Current Price ₹ 1,208 High / Low ₹ 1,652 / 1,011 Stock P/E 26.4 Book Value ₹ 255 Dividend Yield 0.17 % ROCE 10.4 % ROE 20.2 % Face Value ₹ 2.00 Industry PE 23.1 Debt ₹ 1,57,943 Cr. EPS ₹ 45.9 Promoter holding 50.2 % Intrinsic Value ₹ 700 Pledged percentage 0.00 % EVEBITDA 15.4 Change in Prom Hold -0.09 % Profit Var 5Yrs 23.4 % Sales growth 5Years 21.9 % Return over 5years 31.2 % Debt to equity 7.38 Net profit ₹ 3,852 Cr. ROE 5Yr 19.0 % Profit growth 27.4 % Earnings yield 6.40 % PEG Ratio 1.13 Pros:- Company is expected to give good quarter Company has delivered good profit growth of 23.4% CAGR over last 5 years Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:CHOLAFINLong
by TraderRahulPal
Cholamandalam Investment cmp 1343.05 by Weekly Chart viewCholamandalam Investment cmp 1343.05 by Weekly Chart view - Price Band 1175 to 1215 Support Zone - Price sustaining along Rising Support Trendline - Price in attempt to sustain above Falling Resistance Trendline - Volumes are spurting over past few days and sustaining above avg traded quantity - Stock Price is hovering in sync with EMA 21 and decently placed above EMA 50, 100, 200 - Weekly Support seen at 1215 > 1101 > 990 with Resistance seen at 1452 > 1556 > ATH 1652
NSE:CHOLAFIN
by PIYUSHCHAVDA
[Positional] Chola Swing BetChola triggered a buy trade. But the stop loss is 200 points which is near 1150. So if you want to take, be sure of it. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:CHOLAFINLong
by Amit_Ghosh
Stormy wheather for investorsTechnical Analysis Summary Trend: The stock is currently in a downtrend, as evidenced by the declining trend line and the bearish crossover of the 50-day and 200-day Moving Averages (MAs). Moving Averages: * The 50-day MA is below the 200-day MA, confirming the bearish trend. * The 10-day MA is also below the 50-day MA, suggesting a potential acceleration of the downtrend. Relative Strength Index (RSI): The RSI is currently below 50, indicating oversold conditions. This could mean that the stock is undervalued and might be due for a rebound. However, the bearish trend and the position of the moving averages suggest that any rebound might be short-lived. Support and Resistance: * The recent low could act as a temporary support level. * The broken trend line and the bearish moving averages suggest that the stock might retest lower levels. Price Movement Prediction Considering the current technical indicators, the stock is likely to continue its downward trend in the short to medium term. A break below the recent low could further accelerate the decline. Investment Recommendation Given the current bearish technical outlook, it's not advisable to invest in this stock at this time. It's better to wait for the stock to show signs of a reversal or stabilization before considering any investment. Additional Considerations * Fundamental Analysis: It's important to consider the company's fundamentals, such as its financial performance, management, and industry outlook, before making any investment decision. * Risk Management: Always use stop-loss orders to limit potential losses. Summary The stock is currently in a downtrend, with the bearish moving averages and broken trend line confirming this trend. The oversold RSI suggests a potential short-term rebound, but the overall trend remains bearish. It is advisable to avoid investing in this stock at this time and wait for a reversal or stabilization before considering any investment. Remember: This analysis is based on technical indicators and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions. About Cholamandalam Investment and Finance Company Limited (CHOLAFIN) Cholamandalam Investment and Finance Company Limited is a non-banking finance company that provides a range of financial services to individuals and businesses in India. The company's services include home loans, car loans, personal loans, commercial vehicle loans, and investment products. Cholamandalam Investment and Finance Company Limited is a subsidiary of Murugappa Group, a diversified conglomerate with interests in various industries. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
NSE:CHOLAFIN
by Stock_market_signals
Cholamandalam Investment - Breakout Setup, Move is ON...#CHOLAFIN trading above Resistance of 1566 Next Resistance is at 1807 Support is at 1231 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.
NSE:CHOLAFINLong
by MandeepSinghKohli