CHOLAFIN trade ideas
CHOLAMANDALAM INV & FINANCE - BULLISH CHANNEL BREAKOUTCMP 1452
Target 1800 plus
Stop 1200
1) Stock has witnessed an upward channel breakout with huge volumes.
2) Relative strength upward sloping indicating stock experiencing specific buying vis-a-vis market.
3) Stock has the potential to reach 1800 plus which is the long term resistance zone.
IMPULSE WAVE 4 FLATCHOLAMANDALAM INVESTMENT, Beautiful Regulat Flat pattern forming in Wave 4 on Weekly timeframe, lets see how it unfolds towards 800 level and from there to get long.The downside move is confirmed by the corrective formation.
SELLDAILY FINANCIAL WISDOM: "It's better to trade alone, than trade with a crowd going in the wrong direction.
