CHOLAFIN--@Trendline Holds or Breaks??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
CHOLAFIN trade ideas
Good base Formation!
The week it closes above 770 (WCB) Weekly Chart then the pending move towards 865 will come in to picture, but my concern is it has a Gap on Daily charts, I don't like this kind of structure in Uptrend Scripts, because you never know when Gap filling move will come, but still Chart looks Good.
Simple Price action and its Following its nature Don't be in hurry , slow and sustainable moves will last longer.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Cholamandalam Investment and Fin Co Ltd Breakout Zone Cholamandalam Investment and Fin Co Ltd Breakout Zone
Cholamandalam Investment and Fin Co Ltd
Al Dear Friend Cholamandalam Investment and Fin Co Ltd on Breakout Zone Any Time Upside movement possible.
Buy Above 1176
Stop loss: 1155
Target 1200-1240 [
/b]
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.
Bullish Wedge Pattern breakout in CHOLAFINCHOLAMANDALAM INVESTMENT & FINANCE LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1260+.
✅Can Go Long in this stock by placing a stop loss below 1080-.
CHOLAFIN : Completing corrective Wave (ABC) CHOLAFIN has successfully completed its corrective wave 2, characterized by a minor abc wave. It is now poised for a potential bounce in either Wave C or Wave 3.
**Swing Trade Recommendation:**
- **CMP (Current Market Price):** 1140
- **Stop Loss:** 1085
- **Target:** 1295 - 1322
This buying call is strategically positioned for a swing trade. Keep a close eye on market dynamics and trade wisely. 📈💼 #CHOLAFIN #SwingTrading #TechnicalAnalysis
CHOLAFIN--Inverse Head & Shoulders pattern??We have a demand zone @1180-1160 levels...if we consider this as a head and a rise is observed from this zone...those who wants to enter long again can also enter in long position at right shoulder as well....keep looking in buyside from the right shoulder, when Head is formed safe trader enter long at right shoulder by keeping the stop loss at Head...
Keep look for long....
CHOLAFIN--Near its Demand Zone?After a strong continuous rise this stock is giving us discount to enter long...
after a strong consolidation this stock is testing the demand zones at 1080 levels...keep looking for long in this stock from this zone...
Recently price breaks the support at 1120 levels...keep in short side if this gives retest to support again....If not look for long from demand zone.
CHOLAFIN--@Trendline break??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis
CHOLAFIN--Breakout or Breakdown??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
CHOLAMANDALAM INV near Breakout levelsThe stock is forming an ascending triangle pattern backed by price rising on the 20 EMA. After the golden crossover of 20/200 EMA the price seems to be headed upwards and can prove to be a potential winner if the trend continues. The current price is near new breakout levels as it surpassed previous highs recently.
This stock is also showing a good RS vis-à-vis Nifty 50 Index which shows it is a outperformer.
[HP] Chola Short Rollover Last month I had shorted Chola and having about unrealized loss of -70k per lot. Rolling it over. Now this time, there is a stop loss because if that rejection line breaks, I am wrong!
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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CHOLAFINNSE:CHOLAFIN
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose