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CHOLAMANDALAM INVESTMENT AND FCHOLAMANDALAM INVESTMENT AND FCHOLAMANDALAM INVESTMENT AND F

CHOLAMANDALAM INVESTMENT AND F

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CHOLAFIN trade ideas

CHOLAFIN S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:CHOLAFIN
by zenthosh
CholaFin - i like the price action 🎯 The chart is self-explanatory as always. 🎯 The price is sustaining at the resistance zone - A Positive 🎯 We have been following this right from its bounce from the previous support 🎯 An interesting stock to keep on the radar. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times.
NSE:CHOLAFIN
by TheChartereds
CholaFin-Swing Trading-Bullish flag pattern towards big breakout NSE:CHOLAFIN 18.07.2024 Buy: Above 1450 Target: 1668 Stop Loss: 1370 Risk:Reward- 01 : 1.5 1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF 2. Price was following the parallel channel from last one year.After breaking out the channel, now price has taken retracement. 3. After a good breakout, price has consolidated from one month by forming bullish flag pattern. Today with good green candle, pattern has found breakout with good volumes 4. Price rejected from 21 EMA & price is above 50 EMA. 5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
NSE:CHOLAFINLong
by Swinging_Inside_the_BAR
Double Moving Averages Crossover Swing Trade📊 Script: CHOLAFIN 📊 Sector: Finance 📊 Industry: Finance & Investments ⏱️ C.M.P 📑💰- 1337 🟢 Target 🎯🏆 - 1443 ⚠️ Stoploss ☠️🚫 - 1295 📊 Script: PRAJIND 📊 Sector: Capital Goods-Non Electrical Equipment 📊 Industry: Engineering ⏱️ C.M.P 📑💰- 590 🟢 Target 🎯🏆 - 623 ⚠️ Stoploss ☠️🚫 - 574 📊 Script: LATENTVIEW 📊 Sector: IT - Software 📊 Industry: Computers - Software - Medium / Small ⏱️ C.M.P 📑💰- 514 🟢 Target 🎯🏆 - 543 ⚠️ Stoploss ☠️🚫 - 503 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:CHOLAFINLong
by radha_23
Raising Wedge pattern on CHOLAFINCHOLAFIN formed a raising wedge pattern on daily chart. Price broke out of resistance today with strong volume. Multiple resistance and support were tested prior to breakout. Stop loss can be had just below breakout candle with target the width of the wedge. Entry can had just above todays high. This trade offers a good risk reward of 1:2 and possibly more as you may have to trail stop based on momentum. Hope you like this idea. If you like, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
NSE:CHOLAFINLong
by digijagan