Cholamandalam Financial Holdings Ltd. (NSE) (W)-

75
Chart Structure Price has been consolidating within a wide range after a corrective phase.
Currently trading at ₹1,865.40 zone, just above the pivot level (yellow line at ₹1,859.40).
The structure suggests that the stock is building a base, but a decisive breakout above ₹2,140 (red line) will confirm the next big move.

Key Levels
Supports:
₹1,859.40 (immediate support / pivot)
₹1,720.15 (secondary support)

Resistance / Targets:
₹1,999.30
₹2,140-50 (major resistance)
₹2,279.05
₹2,418.95

Volume Analysis
Volumes are relatively stable but not yet showing a major breakout spike.
This indicates cautious accumulation — market participants may be waiting for confirmation above ₹2,140.

Bias
Neutral-to-Bullish — Price is holding support zones and showing resilience.
Sustaining above ₹1,860 keeps momentum positive.
Breakout above ₹2,140 could open a rally towards ₹2,279 – ₹2,418.
Breakdown below ₹1,720 would shift bias back to bearish.

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