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Hello Trader's today we will discuss Cholamhalding :Nse -recently clear resistance &break the 1 year high -highest delivery volume in few days -BB crossed BB's upper band -it will show some correction till 568 to 560 level -macd gives positive sigh -stock is from all EMA 20/50/100/200 -RSI & 10 D Momentum line shows divergence -conclusion: stock will show...
stock breaks the pre-covid leves soon it is going to cross 600 levels and then heading toward 625-650.
Stock given breakout after good consolidation and have a good potential target as per the technical analysis.
Note: This is for educational purpose only. There seems to be a build up near long term resistance/ supply zone which indicates loss of selling pressure. Moreover, there is an increase in volumes. RSI above 65 indicates bullish momentum. Buy above: 575₹ SL: 509₹
CHOLA FIN - TRADE OUTSIDE THE ZONE VOLUME ON THE LAST DAY SHOWS STOCK IS READY FOR BIG MOVE IN COMING DAYS
selling idea for intraday below 404.50
Chola Finance Holding Stock Analysis
Chola Fin has formed a bear piercing candle at the resistance. If today it breaches the last green candle's low and sustains, more fall may happen
There is a divergence on MFI at 20 Super low volumes in August Price is steady
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
CHOLAHLDNG with high percentage of delivery (82% last eight days). Needs more volume to be meaningfully indicative.