CHOLAFIN TARGET 1137CHOLAMANDALAM FINANCE long term raising wedge weekly breakout and bullish. If it sustains above 991 it will reach the target of 1137
CHOLAFIN trade ideas
#Cholamandalam finance Analysis Stock is trading in higher high pattern maintaining supportive trendline, follow chart for proper support and resistance levels.
4th May 2023|| CHOLAFIN - Intraday Levels Marked OutAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 4th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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CHOLAFINThe stock has registered its highest Monthly Close.
The Monthly MACD has also turned positive.
In the past such instances, the stock has given a strong rally in the following months (One exception, where price failed to clear prior all time high)
The stock could hence see a decent rally in the coming few months.
Bullish View remains valid as long as prices stay above Rs.800.
cholafinCholafin broke out of flag N pole pattern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & target.
VIEW ON CHOLA MANDALAMGood chart structure
Breakout occured on the stock
Buy above 848
Stop loss 820
I am just representing my views
For educational purpose only.
Trendline Breakout in CHOLAFIN CHOLAFIN made a good breakout with huge volume, we can buy at current level and average it till 820. SL @ 810 TGT1 : 870 TGT2 : 890
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
CHOLAFIN - Ichimoku Bullish Breakout Stock Name - Cholamandalam Investment And Finance Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 848
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
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Cholamandalam fin. bullish mode.Cholamandalam fin. is in bullish momentum. It is working in parallel channel. it may test 904 soon.
Go LongCHOLAFIN breaksout of a long term consolidation. Good time to enter 1 tranche and wait for taking out today's high to enter the next tranche.
R:R - ATR - 2:4
CHOLAFIN -long 3 white soldiers with decent volumes
wait for price to test 740 level
price above 200,50,18,3 day EMA
MACD 12-26 about to cross over
Chola finance in bearish modeIn coming days we can see more weakness in stock if trading below 200 EMA. Shortly we can see the 690 to 650 levels soon in the stock. So add the stock in your watch list.This is for your educational purpose only.
Cholamandalam Invt Cmp 762 dated 18-3-2023 Triangle BOCholamandalam Invt Cmp 762 dated 18-3-2023
1. Traingle Pattern Formation
2. BO above 768
3. RSI already had BO
Buy above 768 for target 775-785-800-810-835 SL 750
It is just a view, please trade at your own risk.
CHOLAFINCHOLAFIN:- Ascending triangle pattern is formed wait for breakout keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Chola finance breakout and retest!!Chola has given breakout from demand zone and has retested the same level. A bounce from here should take it to next resistence level of 820 and then ATH breakout.
CHOLAFIA is good looking buying Zone 796CHOLAFIA is good looking buying Zone 796
study the level and buy
Cholafin In Bullish Mode#Cholafin closing 781.4 and now with #stoploss 730 and targets are 850-900+.
Narrow Channel pattern trade idea with Candlestick entryI daily make educational content videos on stocks for swing trading ideas and learning purposes
Nifty Financials heading downwardsBuy CholaFin Feb expiry 700 PE, Target of 690.
Nifty Finance has a downward breakout with Banking suffering the most, good time to short finance stocks as well
SELL - CHOLAFINSELL - CHOLAFIN AT 690 FOR THE TARGETS : 673 , 670 WITH STOP PLACED AT 703
Take trade based on risk appetite and the direction.
Please do follow for more such ideas.
Regards,
Mind-Muscle
Chola FinI have marked the demand zones for Chola fin.
It's an easy 10-20% from the demand zones, the trend isn't much strong but we will be playing a reversal so the risk to reward is quite high.
