CholaFin - i like the price action 🎯 The chart is self-explanatory as always.
🎯 The price is sustaining at the resistance zone - A Positive
🎯 We have been following this right from its bounce from the previous support
🎯 An interesting stock to keep on the radar.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times.
CHOLAFIN trade ideas
CholaFin-Swing Trading-Bullish flag pattern towards big breakout NSE:CHOLAFIN
18.07.2024
Buy: Above 1450
Target: 1668
Stop Loss: 1370
Risk:Reward- 01 : 1.5
1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF
2. Price was following the parallel channel from
last one year.After breaking out the channel, now price has taken retracement.
3. After a good breakout, price has consolidated from one month by forming bullish flag pattern.
Today with good green candle, pattern has found breakout with good volumes
4. Price rejected from 21 EMA & price is above 50 EMA.
5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
Cholafin Insurance Intraday level for 19th July #CHOLAFIN Cholafin Insurance Intraday level for 19th July #CHOLAFIN
Buying may witness above 1460
Support area 1440-1445. Below ignoring buying momentum
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
CHOLAFINNSE:CHOLAFIN
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Double Moving Averages Crossover Swing Trade📊 Script: CHOLAFIN
📊 Sector: Finance
📊 Industry: Finance & Investments
⏱️ C.M.P 📑💰- 1337
🟢 Target 🎯🏆 - 1443
⚠️ Stoploss ☠️🚫 - 1295
📊 Script: PRAJIND
📊 Sector: Capital Goods-Non Electrical Equipment
📊 Industry: Engineering
⏱️ C.M.P 📑💰- 590
🟢 Target 🎯🏆 - 623
⚠️ Stoploss ☠️🚫 - 574
📊 Script: LATENTVIEW
📊 Sector: IT - Software
📊 Industry: Computers - Software - Medium / Small
⏱️ C.M.P 📑💰- 514
🟢 Target 🎯🏆 - 543
⚠️ Stoploss ☠️🚫 - 503
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Raising Wedge pattern on CHOLAFINCHOLAFIN formed a raising wedge pattern on daily chart. Price broke out of resistance today with strong volume. Multiple resistance and support were tested prior to breakout. Stop loss can be had just below breakout candle with target the width of the wedge. Entry can had just above todays high. This trade offers a good risk reward of 1:2 and possibly more as you may have to trail stop based on momentum.
Hope you like this idea. If you like, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
Intraday level for Cholafin for 31st MayIntraday level for Cholafin for 31st May
#CHOLAFIN
Selling opportunity for intraday below 1206
Resistance and Stop Loss area around 1220
Charts for Educational purposes only.
Please follow strict Risk Reward and Stop Loss if you follow the levels.
Thanks,
V Trade Point
#cholafininv accumulation areastock is at strong support and fundamental of stock is good too as stock earning and net margin is getting increased as per me one can accumulate at current lvl. above 1145 stock can see some quick recovery. its not some short period trade. so be mind full before investing. one can buy it for swing above 1145 only. this info is for education purpose only not any buy/sell recommendations am not responsible for your lose.
CHOLAFIN--@Support Zone??this stock is continuously falling...
broken the trendline and retested the trendline as well and continue its falling.
now it is at one of the support zone...
If price consolidation between these 2 zones we have a tap into the support zone and price rise is observed from support levels... look for buy @ support Zones.
CHOLAFINKey Points:
Fibonacci Bounce at 1116 (0.618):
The 1116 level aligns with the 0.618 Fibonacci retracement, signaling a probable bounce as historical data suggests significant price reactions at such levels.
Strong Support Zone at 1100-1185:
The broader support zone enhances the bullish outlook, providing a sturdy foundation for potential price reversals.
Confirmation and Risk Management:
Supplement the analysis with technical indicators like RSI and MACD, while implementing proper risk management strategies.
Conclusion:
Traders may find an opportunity to capitalize on the Fibonacci bounce at 1116, supported by a solid price zone. However, exercising caution and employing risk management practices is essential.
(Note: This is a condensed summary and not financial advice. Consult with a financial professional before making investment decisions.)