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....
1. Trend: Sideways to bullish 2. Set up: Reversal trade with Buy at support 3. RR: 1:10 4. SL on weekly closing basis
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
Reason for short a) Weekly breakdown b) Bearish pole and flag set up c) SL compulsory d) QQE support for short one or two days only Gap down invalidate the set up
Reason for short a) Channel breakdown b) Any gap down or gap up invalidate the set up c) bear flag set up d) Weekly breakdown e) Good risk reward zone f) SL compulsory
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.
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
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...
i am not sebi register this only study purpose . i am responsible of any profit or loss
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...
CHOLAMANDALAM 2 indicators show it is below the point it should be for up trend , if it gets below 1125 , it will have steep downwards movement
moving in a parallel channel it can give bullish move
...................Trgts 1270-1323-1355............... Bull Flag Breakout Higher highs and lows Shorter term trendline breakout and minor retracement
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.
Stock is ready for big breakout Once cross 1280 Massive Surges Invest 1350+
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.