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CHOLAMANDALAM IN & FIN COCHOLAMANDALAM IN & FIN COCHOLAMANDALAM IN & FIN CO

CHOLAMANDALAM IN & FIN CO

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CHOLAFIN trade ideas

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
NSE:CHOLAFIN
by IIT-Trader
2
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
NSE:CHOLAFIN
by IIT-Trader
5
[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. ======= 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. ======= 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. ======= 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. =======
NSE:CHOLAFINShort
by Amit_Ghosh
CHOLAFIN Analysis??Observations:: the stock is continuously moving upwards... After breaking the resistance @820 zone..A rally base rally is observed. base @1050 is tested and moved again... In weekly time frame the price is showing bearish...we don't enter for short now... we have to wait for the price to break the base and gives us some pullback then only...short entry. In Daily time frame, support zone observed @1075... if price tested this will be on buy side...wait for long opportunity in this zone... the previous resistance @1140 acts as support...price again moves up... if this not giving any pushup...a continuous fall is observed to support zone. critical Case:: the zone @1075 acts as support, and the previous resistance acts as again resistance price fall is going to observe. careful here.
NSE:CHOLAFIN
by IIT-Trader
CHOLAFIN--Consolidation + Up side ?? ----->> the stock is trending upwards in daily time frame. ------->> the previous resistance @ 820 level was broken strongly, observe a consolidation before showing bullish pressure above 820 levels. ------->> now the price is almost trading 200 points above the resistance previous. -------->> If price showing bearish pressure in tis stock will observe a strong bearish momentum towards previous resistance. -------->> Keep track this stock for few days. It will remain continue or reversal again back to 820 levels. Look for buy @ 980 zone to ride with Momentum if it is going again bullish. Exit if breaks 975. keep track this Instrument.
NSE:CHOLAFIN
by IIT-Trader
2