All the key levels are mentioned in chart Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
it has fallen from 557 after making all time high due to profit booking now it has fall down and taking support at trend line which is very good to enter for a target of 551-557-565-575 also can be seen in some weeks. accumulate it at given black line which are-517-508-500 and add till 490 with a SL-474 .
Cholafin at 530 if crosses 535 level than we can see a short term breakout and target is 538 + upto 590 - 600. Stock is consolidating in the same rane since last 4 days a possible breakout is possible. Education purpose
CHOLAFIN inverted head & shoulder and negative diversion may fall or breakout from H&S pattern
Incase if financial sector is trading weak, and Cholafin is trading below 247 level - will test 240 before any bounce. Add to watchlist for possible short trade.
Trade based on 1. trend line support and rss 2. Rsi 3. Fibonaaci 4. Price action
Hello!! Chola finance again a very good stock giving a good buy signal ...... one can go long with an sl of 199/196 according to the risk(loss) capacity. #my_view #learner
Trade accordingly as a day start, Looks positive.
CHOLAFIN (Cholamandalam Investment and Fin Co Ltd) BUY ABOVE 315.5
sideways 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)