CHOLAFIN - Possible short tradeIncase if financial sector is trading weak,
and Cholafin is trading below 247 level - will test 240 before any bounce.
Add to watchlist for possible short trade.
CHOLAFIN trade ideas
HOW I BOOKED 1.5 % IN CHOLAFINTrade based on
1. trend line support and rss
2. Rsi
3. Fibonaaci
4. Price action
CHOLAFIN 4HRTwo Strong BEARISH Patterns CRAB@1.902XA & Crab @1.61XA Forming Strong POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
CHOLAFIN 1HRBEARISH Crab
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Golden crossover observed on Daily levels with a good RSIBuying opportunity seen on daily charts with below positive points:
- Good RSI, showing momentum
- Outperforming Nifty in medium-term
- Golden cross observed, 50 DEMA cross 200 DEMA
And the stock is near a breakout.
A possible target of 307. SL 231.
CHOLAFIN 1HRThree Strong BEARISH Patterns 4HR TF CRAB & 1HF GARTLEY & Butterfly Forming Strong POTENTIAL REVERSAL ZONE ..
Ultra high volume bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
CHOLAFIN 4HRBEARISH Crab@1.902XA Earlier this same crab given good reaction on Type1 entry at 1.902XA & hit both Targets
now price when again come into PRZ Zone of Crab it becomes a TYPE2 Entry which is REVERSAL & after getting confirmation with a Bearish candle and RSI below 70 & with LOW VOLUMES then set up becomes valid
POTENTIAL SELL
Cholamandalam Finanace Cholamandalam Finance.
Breaking out today for a first target 260 levels.
Close open above 260 possible for 280 levels.
RSI, Volume, And Stochastic are good numbers.
The fall from 259 to 215 was not supported by volume
And to add had couple of candles with long wick at the bottom indicating good support in buys.
Today the stock is above 9EMA and good candle shape too with little or no wick at top.
Cholamandalam Finance showing bearish signalDear All,
This is my first analysis on Chola mandalam Finance with a positional trading perspective?
Please review it and guide me on it as I am a novice in this field.\
CHOLAMANDALAM INV 1HRTwo Strong BEARISH Patterns CRAB & Deep Crab Forming Strong POTENTIAL REVERSAL ZONE
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. Already low volumes
IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for Adding another short
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
CHOLAFIN 230...... LEVEL VERY imp crucial resistence at 240we can play a intraday play for 2-5 points
scalp on 230 level if it sustain the 230
then its have an potential .........to gain ......
trade with proper money management ..
golden quote never lose more then your reason
simplicity is key of success
cholo upside move ....stock gave very good brakout and sustained above the upper level of the box.
major upside move expected tomorrow. lets see how it goes
