#CHOLAFIN – Breakout with Strong Momentum 🚀
✅ Breakout Alert! CHOLAFIN has been consolidating for the past few months and has finally broken out this week on above-average volume, signaling strong buying interest.
Key Technical Highlights:
Range Breakout: The stock has decisively moved out of its consolidation phase.
Relative Strength vs. Nifty: Turned positive, indicating outperformance.
Moving Averages: Closed above the 200MA and currently trading above all major EMAs, reinforcing the bullish sentiment.
Trading Plan:
📌 Entry: Above ₹1,400 (confirmation of breakout)
📌 Stop Loss (Short-Term): Below ₹1,350 (closing basis)
📌 Stop Loss (Positional/Long-Term): ₹1,160
📌 Target Levels: ₹1,500 - ₹1,600+ in the coming weeks
Final Thoughts:
With strong volume confirmation, technical strength, and positive relative performance, CHOLAFIN is well-positioned for an upward move. Adding this to my watchlist and monitoring for sustained momentum above ₹1,400.
✅ Breakout Alert! CHOLAFIN has been consolidating for the past few months and has finally broken out this week on above-average volume, signaling strong buying interest.
Key Technical Highlights:
Range Breakout: The stock has decisively moved out of its consolidation phase.
Relative Strength vs. Nifty: Turned positive, indicating outperformance.
Moving Averages: Closed above the 200MA and currently trading above all major EMAs, reinforcing the bullish sentiment.
Trading Plan:
📌 Entry: Above ₹1,400 (confirmation of breakout)
📌 Stop Loss (Short-Term): Below ₹1,350 (closing basis)
📌 Stop Loss (Positional/Long-Term): ₹1,160
📌 Target Levels: ₹1,500 - ₹1,600+ in the coming weeks
Final Thoughts:
With strong volume confirmation, technical strength, and positive relative performance, CHOLAFIN is well-positioned for an upward move. Adding this to my watchlist and monitoring for sustained momentum above ₹1,400.
Nota
1381-->1581(high)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.