Chola Finance - Bearish Divergence on daily Chart.Bearish on this stock... High Beta so, Considerably Big Targets.
CHOLAFIN trade ideas
Cholafin breakout short termCholafin at 530 if crosses 535 level than we can see a short term breakout and target is 538 + upto 590 - 600. Stock is consolidating in the same rane since last 4 days a possible breakout is possible.
Education purpose
CHOLAFIN inverted head & H&H and negative diversionCHOLAFIN inverted head & shoulder and negative diversion may fall or breakout from H&S pattern
All time high bullishstock is making all time high with volume ,seems highly bullish.in last 12 sessions bears seems given up. volume of bears dried up. price is above 200 MA.
Cholafin - Pennant BOCholafin seems bullish as given a pennant breakout on 4hr TF. Already on support might break all time high. Targets on chart...
Cholafin - HnSCholafin forming Head and Shoulders pattern on hourly TF, Let it break neckline . Targets on chart...
CholaFin nearing weekly supply zoneCholaFin is at its weekly supply zone, it has failed twice to break the same zone.. will it break it this time? Pay attention to the price action here. A strong breakout on closing basis with volume is the key for a successful breakout, followed by a retracement that takes support at the resistance turned support level.
Cholafin - Breakout pattern? TARGET Rs. 647 (In next 6 months?)I am entering this stock now with a target of Rs. 647
Profit % expected to be above 85%
What are we talking about?
Breakout
Elliott Wave 3
Target Rs. 647
6 Months or Less
Cholafin { 15 M Short }At Resistance forming Doji in 15 tf .Short will be a good bet here keeping TSL as PCH .
CholaFINI'm not an expert I'm just sharing my views on CHOLAFIN for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
Cholamandalam Finance - ShortCholafin CMP - 312.30
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at o Below 310 / Stop Loss 316
Target 1 - 307
Target 2 - 305
Target 3 - 302 / 300
Disclaimer: This is my view and for educational purpose only.
cholafin made double top and bearish pattern at the topcholafin made double top and bearish pattern at the top made evening star it can retrace from current level
Heavy RSI divergence in Cholamandalam at a very crucial point 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 risk can book small profits at target 1 and then continue on to target 2
please check market sentiments
a bearish market will add to our idea
