Enter with Limit order placed at - 1551.90 Target with Risk to reward 1:2 is 1687 Stoploss only when 1 day candle closes below the price - 1462 Note: This is not any financial advice, this is for education purpose only
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.
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...
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::
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.
Cholamandal day chart there is string support zone at 690 below 690 this stock will start fall bcoz there is two supports
Chola Mandalam has broken reistance trendline and closed above it. We may see upward momentum in coming days. Seems good for swing trade. CMP 670, Can do 700, 750, 800+ SL below 590 on closing basis convervative SL 640 -Saptarish Trading.
3 white soldiers near the trend line. Tgt: 660, SL: 485
The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side. But watching the buyers buying on dips and being active on the lower trendline and RSI...
CHOLAFIN inverted head & shoulder and negative diversion may fall or breakout from H&S pattern
sell at -369-trgts-364-361 trade at own risk.sl-372-373
cholafin made double top and bearish pattern at the top made evening star it can retrace from current level
RSI divergence is clearly visible in the chart. hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy please don't short below the red line near 270. target 1 of near 1.9% can be achieved if cholamandalam starts falling for people who want to take more...
Trade based on 1. trend line support and rss 2. Rsi 3. Fibonaaci 4. Price action
Book profits at 600