CHOLAFIN trade ideas
Short with 1% Risk and RR of 1:2Short with 1% Risk and RR of 1:2
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CHOLAFIN - negation of bears Candle 1 - Gravestone doji formation indicating high supply.
Candle 2 - Bullish piercing candle negating bears.
Bulls are in charge now.
Keep SL as 50 EMA.
Head and sholder patternIn technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. ... It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
CHOLAFIN Symmetrical Triangle#tradethepattern
This is a good opportunity giving 6% target on which ever side BO happens
Conservative traders can do intraday and be done with this scrip.
Pharma , gas and cement stocks are in one or other pattern this week.
CHOLAMANDALAM INVESTMENT We have a cup breakout accompanied by a retest.
Also note, RSI has shown similar trajectory.
The stock seems to be a good pick for short term gains.
View negated below support zone close.
Intraday buying opportunity in CholafinIntraday buying opportunity in Chola fin
Entry 618
Stoploss 611.95
Target 624.25/627.30
CHOLAFIN BUTTERFLY BEARISH PATTERNHello
Welcome to this analysis about CHOLAFIN , we are looking at daily timeframe perspectives. CHOLAFIN in recent times heavily increased with bullishness .CHOLAFIN is developing here that will be a decisive factor in the upcoming times. I discovered the main formation CHOLAFIN is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how CHOLAFIN has emerged with this key CHOLAFIN BUTTERFLY BEARISH PATTERN marked in my chart with the black boundaries.
In this manner, thank you for watching my update-analysis about CHOLAFIN and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Cholamandalam Investment and Finance Company | ChaiwithanoopCholamandalam Investment and Finance Company Limited (CIFCL) is a financial and investment service provider in India. It is headquartered in Chennai and has 1029 branches across the country.It is one of the 28 businesses under the Murugappa Group. It employees over 7,000 employees and also has about 16,000 people who assist in various business activities, with the majority being in smaller towns.
The company has total assets under management at Rs 54,279 crore with a Net income of Rs 1,885.34 crore as on 31 March 2019. The company was ranked 9th among the top 50 NBFCs in India by The Banking and Finance Post.
Good for Swing Trade : TGT 600 SL 520
CHOLAFIN - Ready to make new Life time high - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade.
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POSITIONAL IDEAPositional Idea of PULLBACK on WEEKLY time frame with a BULLISH ENGUFING CANDLE on WEEKLY and crossing 21 EMA too. ALSO MONTHLY RSI IS GREATER THAN 60
