CHOLAFIN trade ideas
[Positional] Chola Channel BetThis is an aggressive bet but the aggressive bet worked pretty well last time. Lets see.
CHOLAFIN LOOKING GOOD FOR INTRADAY/SWING BUYCholafin is looking good on charts. It has been trading in raising channel, yesterday it closed at the top of the channel. 225 was resistance which also broken with volume. Buy if breaks and sustain above the PDH.
#CHOLAFIN - 4 hour chart bullishCHOLAFIN - Bullish setup
4 hour chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
THIS IS PURELY STUDY PURPOSE DONT BUY OR SELL THIS TECHNICAL ANA
THIS IS PURELY STUDY PURPOSE DONT BUY OR SELL
THIS TECHNICAL ANALYSIS IS PURELY FOR MY STUDY PURPOSE, IM A NEWBIE SO DONT JUMP INTO CONCLUSIONS &
IF ANYONE WHO IS EXPERIENCED PLEASE FEEL FREE TO POINT OUT ERRORS IN MY ANALYSIS. I am ready to learn
Thank you
CHOLAFIN : Price rising on low volume + RSI Bearish DIvergencePrice moved up but RSI showed bearish divergence.
Currently, Price is taking support at Upper trend line on daily duration .
Price rejected from Long Term resistance .
Looks like distribution zone - sideways movement will continue for a while .
Current Price is at confluence of 50 EMA , Support & upper Trend line.
Buying opportunityWe can look to buy Chola at around 207-210 with s/l below 198, target 1: 220, then above 225 , targets can be 254/270.
CHOLAFIN - Intraday Trading Setup for 7 Aug 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor only.
Cholamandalam Finance - Short for a target of 189.50Date- 02 Aug 2020
Cholamandlam Finance (CMP 202.50)
Double Bottom Pattern. Also Max OI addition is at 180 strike price (1.60 lacs OI added in just 1 day). It shows where the under current is building up in the stock.
Target - 189.50
T1- 198, T2- 193.50, T3- 189.50; SL- 207
Once the stock price moves below 190 then new opportunities will open for 180 level. Will review the stock price below 190.
CHOLAFIN ELLIOTE WAVE SETUP !Hello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS.
As you see in the chart the impulsive wave ( 1,2,3,4,5 ) completed and price shifted toward corrective wave A, B and C
The cholaFin consolidate between same area from few days and last day its gives a fake breakout.
stocks looks bearish toward 200-190 Sl 225
If you are doing option trading then you can Hedge your position by selling
-1x 27AUG2020 205CE - ₹ 21.4
-1x 27AUG2020 190PE - ₹ 8.9
Thanks
CholaFin - EMA pullback + Fib level support BetLooking good buy at CMP (or buy on Dips) for Short term buy (Up to Friday) - Targets 210, 215, 220 with SL at 195
For details of Fib retracement levels, refer the linked idea.
If market & BN doesn't come crashing, Go long on August Futures or OTM options.
For Intraday, It may be a risky trade - trade in the direction of market.
Cholafin - Evening Star + Fib retracement Short below 211 for 207, 205, 203, 201 with SL at 214.5
Risk averse may want to enter below 207.
CholaFin: Bull flag PatternLevels Mentioned on Chart.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind,Jai Bharat
CHOLAFIN EW STUDY WeeklyCMP 212.35 BUY ZONE 170/200 SL 115 TGT 640+ Waiting Period 3/6 Years (Investment Purpose).
Cholafin - Short TermCholafin given breakout with good volume also made pennant. Targets on chart...
CHOLAFIN - ASCENDING TRIANGLE PATTERNTriangle pattern is formed, it can break out if market sentiment is positive
Chola finance is on bullish mode On daily chart of Cholafin is on bullish mode & trading above the 20 EMA Level . RSI level is also above 60 which is again the sign of strength. Now above 224 after the BO as marked will take long entry for the next target level of 235 - 240. So add the stock in your watch list & see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
CHOLAFIN LONG !CHOLAFIN given break out zone today one can invest at current price with immediate target for 240/-
Cholamandalam - Build up near resistanceNote: This is for educational purpose only.
There is a strong build up near resistance for the last 20 days or so. RSI is above 60 which indicates strong bullish momentum.
