CHOLAFIN trade ideas
Buy Chola Fina swing tradeBuy chola Fin above the level of 233 for the next target level of 245-250 . Support respected @ level of 225. Take entry after the BO of TL.
Good buying candidate. This is for your educational purpose.
cholafin consolidating for a breakoutA minor fibonacci retracement mai come then a breakout
BUY CHOLAFIN BETWEEN THE RANGE OF 218 to 235
NEXT TESTING PRICE 245,260
Buy Cholamandalam Investment SL 215 target of 270Buy Cholamandalam Investment SL 215 target of 270 and 287
Strong close above the resistance - 2nd chancePrice took support from the parallel channel bottom which is 215 levels and now trading at the middle of the channel closing above the previous resistance with strong close ( without wick ).
Today's last 4 hr candle indicates the buying pressure of the stock, long wick at the bottom and strong close at the top. This would be the 2nd chance for the traders and the channel top is the target for this entry.
BUY TRADE IN CHOLAMANDALAM FINANCEDOUBLE DOJI FORMATION IN SUPPORTAREA INDICATINGLACK OF SELLERS.BUY TRADE CAN BE INITIATED
FROM HERE
#CHOLAFIN CASH : LOOKS GOOD ABOVE 236.50#CHOLAFIN CASH
15.09.2020
LOOKS GOOD ABOVE 236.50
STOPLOSS 232.50
TGT 239.50-240
SUSTAIN ABOVE 240 WILL GO 248-250/260 IN 2-3 DAYS
CMP 232.90
CHOLAFIN is Making Making Ascending Triangle Pattern (Breakout)Cholamandalam Investment and Fin Co Ltd ( NSE:CHOLAFIN ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high.
Target and stoploss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Kruti Di Experiment 1 with CholaChola is getting into a triangle pattern ! On the verge of a immediate resistance. Options data suggest that call writing is happening ! Futures Data suggest that price has declined but Futures OI hasn't decreased relatively !
CUP AND HANDLE PATTERNCHOLAFIN A NBFC company
1.making a cup and handle pattern
2. stock is consolidating in the ascending channel
3. breaking 235 barrier will give good returns
4. TARGET 255-260
5. STOPLOSS 222-218 on closing basis.
break out or fall to the support1. 8 days small rage trade
2. making higher lows
3. trading little more volumes in green than red bars volume
4. trying to break the resistance (Blueline)
5. breaking of 232 will give decent upmove otherwise will reach to 205-208
BASIC INTRADAY SETUP based on price actionPleasure to have you here. in this 15 minutes chart, there is a double bottom pattern formed and there are probable chances thatit completes the chart pattern.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Note:- 1) This is just an intraday analysis setup and no advice to trade.
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
CHOLAFIN Cholamandal Finance Trade SetupCHOLAFIN has a major resistance around the 250 - 255 mark. It needs to break this resistance with good volume. After I think its going to retest the resistance which is now acting as a support. It is forming an ascending triangle formation on the daily chart and I personally have a bullish stance on it.
This is the first time for me posting the chart publicly and any constructive criticism and ideas are welcome.
This analysis is for Educational Purpose only and please consult your financial advisor before taking any position.
Thank You for viewing my chart.
CHOLAFIN Fibonnaci SHORT, 20% returnTarget:- 205
SELL at 260
since it is at critical Fibonacci level i.e 61% level
will go down till 38% fib level
CHOLAFIN - Intraday Trading Setup for 26 Aug 2020Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
Bearish CraB - CHOLAFINDisclaimer: I am not a SEBI Registered Analyst. This is for educational purpose and my personal view. Please take position after consulting your advisor.
NSE:CHOLAFIN
