Price moving in a pattern and making higher highs and higher lows.
Took support on the level and coming up.
Above the level is good to enter.
Maintain SL
SL - 1080 / 1060
"Delivery Idea 14-07-23
CHOLAFIN (CMP: 1167.2)
Buy Price: 1165
SL Below: 1100
Target: 1295"
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Long Chola Finance is above the BO of the marked area above 1058 for a big target. here is advice to trail SL for high profit. This is for your educational purpose only
📊 Script: CHOLAFIN
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
📈 Strong Bullish Engulfing Candlestick Form on this timeframe.
📈It can give movement upto Breakout targets of 858, 915 and Final 972+.
📈 Can Go Long in this stock by placing stop loss Below 815 or last swing low.
Cholafin has given a good breakout on closing basis in weekly time frame, where it was consolidating for last few weeks in a range. It looks like has potential to move further up and make new highs
#CHOLAFIN trading above Resistance of 966
Next Resistance is at 1111
Support is at 797
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
The stock analysed on following parameter :
- Parallel Channel Breakout.
- Area of Confluence : the price retest breakout level and now resistance level acting as support.
- Fib Level : price retrenched to 50% and uptrend signal visible.
- EMA : price above all key moving average.
- Candle Analysis : Doji follow up with Bullish Candle from retest...
