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CHOLAMANDALAM IN & FIN COCHOLAMANDALAM IN & FIN COCHOLAMANDALAM IN & FIN CO

CHOLAMANDALAM IN & FIN CO

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CHOLAFIN trade ideas

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 :-).
NSE:CHOLAFINLong
by digijagan
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.)
NSE:CHOLAFINLong
by pujarisp
CHOLAFIN--@Trendline Holds or Breaks??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:CHOLAFIN
by IIT-Trader
1
Good base Formation! The week it closes above 770 (WCB) Weekly Chart then the pending move towards 865 will come in to picture, but my concern is it has a Gap on Daily charts, I don't like this kind of structure in Uptrend Scripts, because you never know when Gap filling move will come, but still Chart looks Good. Simple Price action and its Following its nature Don't be in hurry , slow and sustainable moves will last longer. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
NSE:CHOLAFINLong
by Anany_shringi
Cholamandalam Investment and Fin Co Ltd Breakout Zone Cholamandalam Investment and Fin Co Ltd Breakout Zone Cholamandalam Investment and Fin Co Ltd Al Dear Friend Cholamandalam Investment and Fin Co Ltd on Breakout Zone Any Time Upside movement possible. Buy Above 1176 Stop loss: 1155 Target 1200-1240 [ /b] Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.
NSE:CHOLAFINLong
by manoranjan2050