CHOLAFIN LONG & SHORT ANALYSIS!Head & shoulder pattern formed
go long if ressistance breakout
go short if price retest in ressistance
lets see what happen
happy trade...
CHOLAFIN trade ideas
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.
CHOLAFIN--Near its Demand Zone??Observations::
After a strong bullish momemntum price is given us some retracement, to enter long.
previous resistance is turning to be a support....
a strong supply is seen from 1190 zone...
if price acts as a demand 1150 zone...will seen it will test the supply again.
if it wants to fall...it has to break the demand and retest then will go short.
until don't think of short.
CHOLAFIN--1100 or 1010 ??observations::
the stock is trending upwards from long time... showing bearishness now,
we have a demand zone @1012-1010 range...
keep on selling up to this zone from 1070 zone..
if price not able to break above 1070 range,
and falls below 1040 range sell up to 1020 range..
False breakout also be possible ...
keep track these levels..
Buy Plan::
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.
CHOLAFIN : Break the Resistance Line..!5 Step Analysis of CHOLAFIN Stock
1. On Daily TF we can see that stock was respect the resistance line from July 2022.
2. On Friday Stock has given closing above Resistance Line with High Volume.
3. Strong Mometum base build on Daily, Weekly & Monthly Basis with increase Volatility for further upside move.
4.From May 2020 Stock Made Higher High and also follow the trend support.
5. On next week stock Maintain 840 level and give closing above 840 then text level we can see at 850 and 870 in Coming week.
CHOLAMANDALAM is ready for another run
After break of market structure and a previous bull run, it formed a bullish flag pattern & now is at resistance, from where it can give a good breakout for next bullish trend continuation.
CHOLAFIN Sell for intraday tradingCHOLAFIN Sell for intraday trading if stock breaks the given support level..........
A reversal candlestick patternA double candlestick pattern,Bearish Engulfing is seen near the resistance line in daily timeframe and traders may open short position.
Cholafin view for today 20th FebCholafin view for today
Please follow strict risk reward and stop loss
Charts for Educational purposes only
Thanks,
V Trade Point
Cholafin bullish momentum above 790Cholafin bullish momentum may come above 790
Charts for Educational purposes only.
Follow strict risk reward if you follow the level
Thanks,
V Trade Point
Cholafin view for 16th FebCholafin view for 16th Feb
Resistance breakout expectation
Please follow strict risk reward and stop loss...
Charts for Educaitonal purposes only.
Thanks,
V Trade Point
Evening starA barish pattern formed in Chola fin daily chart.
After a uptrend and at major resistance the stock may reverse.
For educational purposes only.
Breakout in CholafinTodays view in Cholafin 8th Feb
Breakout in Cholafin
If sustain above 790 will see Double top
Please strictly follow risk reward and stop loss if u enter in the trade
Thanks,
V Trade Point
CholafinCholafin stalled its upward rally due to market correction but its taken support near its 78% fib retracement level & trying to regain its upward rally towards 750 level.
Could be bought with stoploss below its 50% fib retracement level ; 702.
CHOLAFINFailed attemp to break parallel channel. Might test upper end of the channel. Can be held with the SL.
Cholamandal Finance Cholamandal day chart there is string support zone at 690
below 690 this stock will start fall bcoz there is two supports
Cholafin #Channel Pattern Its the weekly chart of cholafin which is in a channel for quite long time. The price is making a series of higher highs and higher lows. It already retraced upto 0.618 fibonnaci levels since its previous high. Also taking support on the lower trend line of the channel ,adding confluence to the area. The price have the potential to move up in upcoming sessions.
CHOLAFIN Buy for intraday tradingCHOLAFIN Buy for intraday trading if stock break the given resistence level.........
Possible for uptrend it is reversing from supportline It took support at pivot S1 and channel pattern. Keep it ur watchlist
