Chola FinChola Fin expected 640 1st and then 660 as per Fib Extension.
Disc: Not a buy recommendation. Just for learning
CHOLAFIN trade ideas
CholaFin above Big resistance levelHello, Tradingview community.
Cholafin is trading above its major resistance (Refer chart for more clarification).
The chart is self-explanatory.
on the hourly chart, it is clear price tested 633 level for 3 times since 19 Oct and not able to sustain above same.
But 4th time it is able to break and sustain above 633 level, we can surely see some fireworks in the coming days.
Above 641 we can expect 658 to 680 levels.
Below 628 we can see weakness.
Happy Trading.
Short with 1% Risk and RR of 1:2Short with 1% Risk and RR of 1:2
" NOTE: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk."
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.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me for any query or suggestion regarding this stock or Price Action Analysis.
