CHOLAFIN: Channel support betCholaFIn has taken support on channel bottom, this can bounce from bottom of channel to top end of channel
CHOLAFIN trade ideas
channerl within channel CHOLAFINKEEP THIS IN RADAR
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Chola finance Good short candidateChola Finance Spot CMP 555
Counter is giving price rejection around 570 levels from last 2-3 trading sessions...
Nearest demand zone around 550-555 levels
Once breaks 550 levels and sustains for 30-60 mins ,, weakness can be seen in counter..
Bearish divergence in RSI ,, where price is making higher high and RSI is making Lower high..
Down side 515-520,, below that 470-480 levels possible..
Good short candidate...
Long from positional perspective.This is a view for the short-term time frame.
Hypothesis: The stock has given a breakout in the positive direction. Still, to avoid fake breakouts we can wait for the closing to be above our entry-level and initiate the trade. If it's a genuine breakout this can be a very rewarding trade.
CholaFin - Potential Breakout candidateThe stock has shown good upmove. Now it is all set for another run. It has taken support at 20EMA multiple times, we can see volume expansion in the last session.
Time for breakout- short term viewBuy on breakout above 560 for Target 600 and more
Stoplose 525 (R/R=1:2)
Chola Fin - For BuyCan be bought at 525 - 535 area
Sl can be kept below 510 Area
If crosses supply zone of 555 - 560 (will be 4th attempt)
Den new highs can be formed in coming days
CHOLAFINGood for buying above 535 all support and resistance and target given in the chart for learning and educational purpose.
📊 #cholamandalam #nifty #nifty50 #banknifty #niftybankNSE:CHOLAFIN
one can short till below support level if find short trade as per your trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
[Positional/swing] CHOLAFIN Long....Standing strong in this fall so
Buy Above 538
Good Support near 500-470
IF BO happened then we may see 554-575
Very good volumes
