Cholamandalam: Bouncing Back After Correction?Cholamandalam Investment & Finance Company has been recovering after a period of decline. The price had fallen around 14% from its highest level in the past year but recently showed signs of regaining strength.
A rounded formation can be seen where the stock gradually stopped falling and then started moving up again. Currently, it is trading around ₹1,414, which is near a key level where it has faced some resistance before.
The overall trend in the past year has been a mix of strong upward movement, followed by a correction, and now a possible attempt to regain lost ground. The next few weeks will determine if the price continues to hold this momentum.
Disclaimer
"Not SEBI registered. This is for educational purposes only, not financial advice. Do your own research before investing."
#StockMarket, #Trading, #Investment, #TechnicalAnalysis, #ChartPatterns, #StockMarketIndia, #PriceAction, #MovingAverages, #SupportAndResistance, #SwingTrading, #NSE, #BSE, #FERMENTABiotech, #VolumeAnalysis, #TrendReversal, #StockMarketEducation, #FinancialMarkets, #IndianStockMarket, #WealthBuilding