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Cholamandalam

CHOLAFIN Analysis??Observations:: the stock is continuously moving upwards... After breaking the resistance @820 zone..A rally base rally is observed. base @1050 is tested and moved again... In weekly time frame the price is showing bearish...we don't enter for short now... we have to wait for the price to break the base and gives us some pullback then only...short entry. In Daily time frame, support zone observed @1075... if price tested this will be on buy side...wait for long opportunity in this zone... the previous resistance @1140 acts as support...price again moves up... if this not giving any pushup...a continuous fall is observed to support zone. critical Case:: the zone @1075 acts as support, and the previous resistance acts as again resistance price fall is going to observe. careful here.
NSE:CHOLAFIN
by IIT-Trader
CHOLAFIN Long trade for Swing.The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side. But watching the buyers buying on dips and being active on the lower trendline and RSI is also around 51 showing strength in the stock to move higher. Hence my view says to buy around CMP with a target of almost 8-10%.
NSE:CHOLAFINLong
by dhirengandhi16
Heavy RSI divergence in Cholamandalam at a very crucial point RSI divergence is clearly visible in the chart. hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy please don't short below the red line near 270. target 1 of near 1.9% can be achieved if cholamandalam starts falling for people who want to take more risk can book small profits at target 1 and then continue on to target 2 please check market sentiments a bearish market will add to our idea
NSE:CHOLAFINShort
by samparkamaity65