CHOLAFIN trade ideas
INTRADAY buy @ 165 TGT 170/175 sell below 150 tgt 145/141 SL 15INTRADAY buy @ 165 TGT 170/175 SL 158 sell below 150 tgt 145/141 SL 15
#CHOLAFIN: Inverted head-and-shoulders bottom#CHOLAFIN : Inverted head-and-shoulders bottom
My View : It would be fail to move upward. Invalid interms of volumn formation at right shoulder.
Rest will post later.
CHOLAFIN... BEARISH SANDWICH.. Cholafin given breakdown from the channel after making bearish sandwich & bearish engulfing candle
short for target of 300--290
Cholamandalam Finance Looks BearishCholamandalam Finance looks Bearish and ready to explode, Double Top formation and RSI looks weak. Sell Immediately with a StopLoss of 334 at Spot Price. Also there is Bearish Divergence on RSI
signs of reaccumulationdisclaimer... not an investing /trading recommendation
the action seems to be in phase b of reaccumulation,
the thread will be updated as the trading range progresses
reaccumulations in this scrip tend to follow a rising wedge pattern
sidewayssideways are the best place for trading
refer chart for direction of the stock
since it has formed a double top like structure i expect it to go down
it is actually a retracement of 61.8%
lets see what it does
buy pe ...next month contract since it is hard to find the time(calc)
