CHOLAFIN CREATED CUP AND HANDLE PATTERN WITH BRAKEOUTNSE:CHOLAFIN
Cholafin created cup and handle pattern with bullish signal.
its a good time to buy Cholafin
Buy Rate 1220-1250
Sl 1150
Targets 1400 ,1570
CHOLAFIN trade ideas
Intraday view for Cholafin 15th MayIntraday view for Cholafin
Selling opportunity below 1223
Charts for Educational purposes only. Not a trading recommendation.
Follow strict risk reward and stop loss.
Thanks,
V Trade Point
CHOLAFIN(W)Cholafin showing signs of readiness to break out of its weekly consolidating range. Traders monitoring for potential bullish momentum as the breakout unfolds
CHOLA FINANCE ELLIOT WAVE ANALYSIS #elliotwave #harishraoChola Fiance Elliot Wave Analysis weekly time period . this stock complete downside extend flat correction and again move upside
Cholafinthe script shows an impulse rise on daily after wave 4 completion and the minor degree of wave 2 should be in progress to then turn around to complete the wave 5 of bigger degree as per the EW analysis on the chart
CHOLAFIN RETEST OR BOUNCE ?Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
#cholafininv accumulation areastock is at strong support and fundamental of stock is good too as stock earning and net margin is getting increased as per me one can accumulate at current lvl. above 1145 stock can see some quick recovery. its not some short period trade. so be mind full before investing. one can buy it for swing above 1145 only. this info is for education purpose only not any buy/sell recommendations am not responsible for your lose.
CHOLAFIN--@Support Zone??this stock is continuously falling...
broken the trendline and retested the trendline as well and continue its falling.
now it is at one of the support zone...
If price consolidation between these 2 zones we have a tap into the support zone and price rise is observed from support levels... look for buy @ support Zones.
CHOLAFINKey Points:
Fibonacci Bounce at 1116 (0.618):
The 1116 level aligns with the 0.618 Fibonacci retracement, signaling a probable bounce as historical data suggests significant price reactions at such levels.
Strong Support Zone at 1100-1185:
The broader support zone enhances the bullish outlook, providing a sturdy foundation for potential price reversals.
Confirmation and Risk Management:
Supplement the analysis with technical indicators like RSI and MACD, while implementing proper risk management strategies.
Conclusion:
Traders may find an opportunity to capitalize on the Fibonacci bounce at 1116, supported by a solid price zone. However, exercising caution and employing risk management practices is essential.
(Note: This is a condensed summary and not financial advice. Consult with a financial professional before making investment decisions.)
#CHOLAFIN stock looks scary!!!CHOLAINVESTEMENT & FINANCE is currently at a major weekly breakout,
1. The chart pattern suggests on breakout with volume may signify further downside upto 8-10% minimum
2. RSI is slightly getting into buy zone- which implies after breakout confirmation one can sell rally
3. MACD shows that momentum are gaining favouring the bear side.
Conculsion: The stock once breakout pattern is confirmed one can go short on raise.
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
CHOLAFINSelf explanatory chart
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
SHORT CHOLAFIN for >20% downsideSHORT CHOLAFIN at current levels 1260 for targets 880-780. Keep stop loss of 1340. I think it has topped out at 1300.
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 Q2 Result view cmp 1158Q2 result view
4% - 8% Downside Potential
Target 1101, 1064
Resistance 1189 - 1210
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.
