the script shows an impulse rise on daily after wave 4 completion and the minor degree of wave 2 should be in progress to then turn around to complete the wave 5 of bigger degree as per the EW analysis on the chart
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
stock is at strong support and fundamental of stock is good too as stock earning and net margin is getting increased as per me one can accumulate at current lvl. above 1145 stock can see some quick recovery. its not some short period trade. so be mind full before investing. one can buy it for swing above 1145 only. this info is for education purpose only not any...
this stock is continuously falling...
broken the trendline and retested the trendline as well and continue its falling.
now it is at one of the support zone...
If price consolidation between these 2 zones we have a tap into the support zone and price rise is observed from support levels... look for buy @ support Zones.
16-Feb-2024
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Swing Stock Cholafin buy @CMP
Target of 1227-1294-1362-1430-1497-1903
SL 940
Strategy : Bottom pick + EMA above 200
Duration few Weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Key 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...
CHOLAINVESTEMENT & FINANCE is currently at a major weekly breakout,
1. The chart pattern suggests on breakout with volume may signify further downside upto 8-10% minimum
2. RSI is slightly getting into buy zone- which implies after breakout confirmation one can sell rally
3. MACD shows that momentum are gaining favouring the bear side.
Conculsion: The stock...
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...
Self explanatory chart
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
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 ,...
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...
CHOLAMANDALAM INVESTMENT & FINANCE LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1260+.
✅Can Go Long in this stock by placing a stop loss below 1080-.
CHOLAFIN has successfully completed its corrective wave 2, characterized by a minor abc wave. It is now poised for a potential bounce in either Wave C or Wave 3.
**Swing Trade Recommendation:**
- **CMP (Current Market Price):** 1140
- **Stop Loss:** 1085
- **Target:** 1295 - 1322
This buying call is strategically positioned for a swing trade. Keep a close eye...
We have a demand zone @1180-1160 levels...if we consider this as a head and a rise is observed from this zone...those who wants to enter long again can also enter in long position at right shoulder as well....keep looking in buyside from the right shoulder, when Head is formed safe trader enter long at right shoulder by keeping the stop loss at Head...
Keep look...
