Cholamandalam Financial Holdings Ltd. Is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart with Huge Volume candles
3. Major support near 1060 - 1050 zone in short run and major support near 950-960 zone in long run
4. ABCD pattern under formation
Caution : Stock witnessed an aggressive...
-Symmetrical Triangle breakout with strong candle now trading near resistance
-rise in volume and rsi
-taking support from EMA ribbon
-keep in radar above 1090 it can give decent return
Flag & Pole Breakout Charts Pattern has been observed on the
Weekly Time frame of $NSE:CHOLAHLDNG.
The stock is able to close consecutively for 2nd week in a row above 5 WEMA, expecting the trend to continue
One can add this stock in their stock to buy list and create a fresh long trade for around 33% return.
The risk to reward ratio is 1:4.65 which is very...
📊 Pattern: Rising Channel
📌 Symbol/Asset: Chola Fin Holdings
🔍 Description: Stock is bouncing back from good support of channel and EMA
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
CHOLAHLDNG:- Stock has given breakout, keep an eye on the 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...
Stock Name - Cholamandalam Financial Holdings Ltd
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 715
#This is not Buy and Sell recommendation to any one. This...
Hello I don't know that have you spotted it or not but..... i spotted it today when i was analyzing Nifty 500 i found Cholamandalam Housing i found a very small head and shoulders but when i looked it more deeply i found this. But as you all know we can't sell it like intraday as we can only buy in delivery so but to take knowledge you can watch some similar...
CHOLAHLDNG -- Crossing Wedge & closing strong on the higher side.
High Probability - will cross the Previous Monthly high and move to HIgher Highs.
Based on Harmonic pattern forming - possibly touch 710 levels.
Add to watch list .. possible to risky trade.
- Cup with handle pattern
- Perfect Delivery % in month of Oct
- Dark Horse
Keep watching this stock for good news.
Only educational view.
Only My 1 Rule : Stock Market me Paisa dekar nahi lekar jana hey.
After a long phase of consolidation, CHOLAFIN is showing signs of strength and moving higher. Could see higher levels going forward.
Positional Buy :
Company : CHOLAFIN-EQ
Entry Price : 642.6
Stoploss : 578.3
Target 1 : 706.8
Target 2 : 738.9
Time Frame : 1-2months
