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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

Cholamandalam: Trendline Breakout with Bullish MomentumCholamandalam is showing a strong trendline breakout, trading at ₹1,320.25, up by 3.83% for the day. Here's a closer look at the recent price action: 📈 Technical Insights: Downtrend Break: The stock has broken a long-standing downward trendline, suggesting a shift in market sentiment. Volume Surge: A notable increase in volume (4.58M) indicates strong participation. RSI in Bullish Zone: RSI has crossed above 61, reflecting improving momentum. 🟢 Key Levels to Watch: Resistance Zone: ₹1,350 Support Zone: ₹1,280 (trendline retest) 💡 OutLook: The breakout and accompanying volume suggest increased interest in the stock, which could pave the way for further movement. You may monitor the key levels for confirmation of sustained momentum or potential retracement.
NSE:CHOLAFINLong
by NatarajMalavade
cholafin Swing TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:CHOLAFINLong
by OptionCallPro
Cholafin view for Intraday 21st Nov #CHOLAFIN Cholafin view for Intraday 21st Nov #CHOLAFIN Resistance 1250-1255. Watching above 1257 for upside movement... Support area 1225-1230 Below 1230 ignoring upside momentum for intraday Support 1225-1230 Watching below 1223 for downside movement... Resistance area 1250-1255 Above 1140 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:CHOLAFINShort
by vichithra
Cholafin view for Intraday 19th Nov #CHOLAFIN Cholafin view for Intraday 19th Nov #CHOLAFIN Resistance 1250-1255. Watching above 1257 for upside movement... Support area 1230 Below 1230 ignoring upside momentum for intraday Support 1225-1230 Watching below 1223 for downside movement... Resistance area 1250-1255 Above 1250 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:CHOLAFINLong
by vichithra
Cholafin view for Intraday 11th Nov #CHOLAFIN Cholafin view for Intraday 11th Nov #CHOLAFIN Resistance 1280-1282. Watching above 1283 for upside movement... Support area 1240. Below 1260 ignoring upside momentum for intraday Support 1240.Watching below 1237 for downside movement... Resistance area 1280-1282 Above 1260 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:CHOLAFINLong
by vichithra
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