Cholafin stalled its upward rally due to market correction but its taken support near its 78% fib retracement level & trying to regain its upward rally towards 750 level. Could be bought with stoploss below its 50% fib retracement level ; 702.
Cholamandal day chart there is string support zone at 690 below 690 this stock will start fall bcoz there is two supports
Its the weekly chart of cholafin which is in a channel for quite long time. The price is making a series of higher highs and higher lows. It already retraced upto 0.618 fibonnaci levels since its previous high. Also taking support on the lower trend line of the channel ,adding confluence to the area. The price have the potential to move up in upcoming sessions.
CHOLAFIN Buy for intraday trading if stock break the given resistence level.........
It took support at pivot S1 and channel pattern. Keep it ur watchlist
CHOLAFIN Buy for intraday trading if stock break the given resistence zone.........
IF this stock sustainable between 740 to 760 than buy for longer target 820 to 840 level
Chola fin intraday sell Sell below 715 Sl 720 Tgt 710 700 Ask your financial advisor before taking any action based on my view Only for educational purposes Intraday trade Equity rates
Chola Mandalam has broken reistance trendline and closed above it. We may see upward momentum in coming days. Seems good for swing trade. CMP 670, Can do 700, 750, 800+ SL below 590 on closing basis convervative SL 640 -Saptarish Trading.
resistance breakout on hourly chart and RSI is above 60 also MACD has given buy signal It can give good up move on 18.07.2022 so keep a watch
Cholafin looks bearish Multiple time supports no changes proper volume.Expecting breakdown intraday levels ill update later.
Cholafin forming inverse Head & Shoulder Pattern.Looking Target 680-685++ in very short term.Also Keeping on radar Cholafin 660 CE.
A big breakdown in chola finance short at CMP Target 1 600 Target 2 540 Target 3 500
Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in...
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