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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 - 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
Editors' picks
NSE:CHOLAFINShort
by Murthy_Santhosh
1
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
Cholafin bounces 15% from the demand/buy zone!Sep 3, 2024 On June 25, 2024, we published our long-term perspective on Cholafin as shown in the chart below. On that day, the stock made a high of Rs. 1447 and closed around Rs. 1431. However, we anticipated that the right time to take a long position in Cholafin would be when it bounces back from the demand/buy zone we had plotted on the chart. On August 13, 2024, Cholafin made a low of Rs. 1302, touching our demand/buy zone. Today, on Sep 3, 2024, the stock made a high of Rs. 1500. The stock has given nearly 15% returns in just 15 trading days. We nailed the demand/buy zone long before the stock landed there! Don't miss out on the biggest breaks! Follow our Ideas to stay ahead of the game. Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:CHOLAFIN
by WaveMoku
Double Moving Averages Crossover Swing Trade📊 Script: CHOLAFIN 📊 Sector: Finance 📊 Industry: Finance & Investments ⏱️ C.M.P 📑💰- 1337 🟢 Target 🎯🏆 - 1443 ⚠️ Stoploss ☠️🚫 - 1295 📊 Script: PRAJIND 📊 Sector: Capital Goods-Non Electrical Equipment 📊 Industry: Engineering ⏱️ C.M.P 📑💰- 590 🟢 Target 🎯🏆 - 623 ⚠️ Stoploss ☠️🚫 - 574 📊 Script: LATENTVIEW 📊 Sector: IT - Software 📊 Industry: Computers - Software - Medium / Small ⏱️ C.M.P 📑💰- 514 🟢 Target 🎯🏆 - 543 ⚠️ Stoploss ☠️🚫 - 503 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:CHOLAFINLong
by radha_23
1
CholaFin Wave Analysis - Wave 3 is Running! Use Ichimoku to RideCHOLAMANDALAM (CholaFin) Chart Analysis As per Elliott Wave analysis, CholaFin is still bullish. The price reversed after a strong bullish divergence in the MACD and has completed the subwaves of Wave 2 of Wave 3. Currently, it is moving up in Wave 3 of Wave 3. Use Ichimoku for entry & exits (Daily time frame): Entry Point: Look for a good dip to enter and avg(for long-term) when the price is near the Ichimoku Cloud's support. Enter when the Price breaks TS/KS with momentum candle. Exit Point: Consider exiting the position when the price starts to show weakness near TS and KS in daily chart. Another exit signal could be when the candle close below the cloud. By using the Ichimoku indicator in conjunction with Elliott Wave analysis, you can identify more precise entry and exit points to maximize your trading strategy. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:CHOLAFINLong
by WaveMoku