Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from support area and from Parallel Channel.
2) R:R ratio is too good. we can enter at CMP (OR) if comes between 1080-1090
range its good.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes....
CHOLAFIN is looking good on this levels if its cross 1190 level then it's a clear breakout and the target is 1240,1260 ,1280 respectively the stop loss is remain 1-2% depend on your risk reward keep in mind when you enter any trade your r/r ratio is justify that compound your capital not "FOMO" wait for your trend Don't over excited.
As per chart CHOLAFIN taken very good support and any close above 1100 will show more strength to this stock.
So keep on eyes for 1100 if break and sustain we can see 1150 .
Pattern is weak below 1050 .
Always wait for levels to active
Cholafin reversing at recent support levels after major finance meltdown.
Available at decent valuations.
PE 28 > IND PE 20
PEG 1.2
Decent ROE, ROCE
Profit growth 28, 5yrs CAGR 23
Promoter Holding 50% , FII increased stake around 3bps in Dec QTR
Low Public holding <7%
Hold for 1300 Target , recent High
Chola Finance Cmp 1083 date1200-1225 SL 1035d 7-3-2024
1. Morning Star Candle in a downtrend.
2. Price Rise with Volumes
3. RSI reversal
Buy above 1090 target 1105-1130-1150-1170-1190-1200-1225 SL 1035
It is just a view, please trade at your own risk.
Hi, in this chart i Got a Good Demand Level in CHOLAFIN, please Observe this levels and Analysis your own...
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM CONCEPTS" ... Please Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell...
Stock Name: Cholamandalam Investment and Finance Company Limited
Support Zone: Nearby support zone identified.
EMA (Exponential Moving Average): Supported by the 200 EMA (Exponential Moving Average), indicating potential reversal.
Trade Type: Reversal Trade.
Risk-Reward Ratio: Appears favorable.
Entry Activation: Entry is activated.
Bear Trap: Potential bear trap...
Buy at cmp
sl close below 1230
easy tg - 1247
tg2 - 1260
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
CHOLAFIN is gaining volume momentum and expecting a breakout at 1255 for new Highs.
With other technical indicators, this looks positive for breakout anytime soon.
Cholamandalam Investment and Finance Company Limited (CHOLAFIN) is engaged in providing vehicle finance, home loans, and loans against property. The analysis below combines technical indicators and fundamental aspects to provide a comprehensive view.
Shareholding Pattern:
Total Shareholders: 1,46,815
Promoters: 51.43%
FIIs: 21.51%
DIIs: 20.04%
Public: 7.03%
The...
CHOLAFIN Ltd: Falling Wedge
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
![CHOLAFIN: CHOLAFIN [made "W" this after break of resistance ]](https://s3.tradingview.com/z/zACirTHU_mid.png "CHOLAFIN [made \"W\" this after break of resistance ]")
