CHOLAFIN trade ideas
CHOLAFINTHE STOCK BREAKS A RANGE
BEST BUY WILL BE ABOVE 375.50 ONLY
TARGETS AND SL ARE MENTIONED ON CHARTS
CholaFin on the verge of a Head & Shoulder breakdown!!??On the 30 min timeframe, Cholamandalam Finance seems to be on the verge of a breakdown if it is able to break down the level of 362!!
The OI data also indicates Short Buildup!!
Once it breaks the level, the first expected stop will be 350, then 340, then 330 and the final target expected is 310 odd!!
Cheers!!
CHOLAFIN1. Weekly RSI closing above 55
2. Weekly RSI greater then Monthly RSI
STOP LOSS for this trade
1. If goes down by 8% from over buying level then we exit
2. If Weekly RSI close below 45 then also we exit from this trade.
Cholafin - Long Bounty SpottedWe have a bounty on Cholafin. This is a breakout retest trade on weekly/daily and price shows a possibility of retracement to the marked zone. We will take this trade on lower time frames like hourly or 15m, on arrival to the marked zone and keep our stop loss tight.
I will update the chart on price arrival to the marked zone
Cholafin - 3 breakout patterns - 160 points Price makes 3 triangle patterns consecutively to break and move up considerably. To be precise in a month of trading after breakout price moved almost 160 points ( November month alone).
Price now forming a new All time high after breaking from the ascending triangle pattern.
If you are an expert in reading the patterns then you can win almost 85 % of the trades that you take.
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
[Positional] Chola Channel BetNo trigger yet.
As per the charts.
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. Please refer to the link to my footer and explore further if You want.
=======
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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
RSI divergence You can clearly see rsi divergence in cholafin go short and watch image for better understanding!
Is CHOLAMANDALAM FINANCE growth Over?Zeta scanner Weekly Graph suggests Chlamandalam growth story is over.Just a big red candle and it will start sliding down. Also, just see the perfect automatic buy sell indicator by Zeta Scanner. Enjoy the trade !!
CHOLAFIN LONG...Entry above today high as good volume seen today
Entry-281
SL-233(which is recent HL)
long term acccumalation zone-219 to 200(which is also fibbo level and also Moving average zone)
weak below 200
CHOLAFIN:- ASCENDING TRIANGLE PATTERNDisclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
