CHOLAFIN trade ideas
#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)
CHOLA FIN - BEARISH Bearish descending triangle formed..
The futures and options volume (not on trading view but based on NSE end of day reports) point to increase in future OI and Volume therefore indicating a strong interest in short.
Options suggest that around 1550 is a good resistance.
If the price retraces - one can take a short position first at 1520-25 then at 1550..
#CHOLAFINTop is confirmed
Moves sideways as CC-34(W) crosses below 100
Must cross 1730 with strength to resume
CHOLAMANDALAM INV & FINANCE - BULLISH CHANNEL BREAKOUTCMP 1452
Target 1800 plus
Stop 1200
1) Stock has witnessed an upward channel breakout with huge volumes.
2) Relative strength upward sloping indicating stock experiencing specific buying vis-a-vis market.
3) Stock has the potential to reach 1800 plus which is the long term resistance zone.
IMPULSE WAVE 4 FLATCHOLAMANDALAM INVESTMENT, Beautiful Regulat Flat pattern forming in Wave 4 on Weekly timeframe, lets see how it unfolds towards 800 level and from there to get long.The downside move is confirmed by the corrective formation.
SELLDAILY FINANCIAL WISDOM: "It's better to trade alone, than trade with a crowd going in the wrong direction.
