Chola Fin. Formed Short Term Base

3 Feb

CHOLAFIN made a short-term base of 1168-1185 and is near its BO Levels of 1343.15 with RSI and MACD Trending Upwards.

About:
CHOLAFIN is one of India's premier diversified non-banking finance companies, engaged in providing vehicle finance, home loans and loans against property.

F&O Activity:
Significant Long Buildup With 1300 CE OI Significantly Decreased.

Trade Setup:
It looks like a good 1:1 Trade with the Recent Base as a Stop Loss for a Swing Trade after it Crosses Key Levels of 1343.15.

Target(Take Profit):
Around 1507 Levels for Swing & Positional Traders

Stop Loss:
The base of Channel 1168 for Positional Traders and Entry Candle Low for Swing Traders.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

4 Feb

Dagangan aktif

Gave a Swing of 1399.50 Up 4.28%.
Swing Traders Can book.
Aggressive Swing Should Trail.

6 Feb

Nota

DOJI
RSI and MACD still Strong

7 Feb

Nota

DOJI
RSI above 60 and MACD is still Strong

10 Feb

Nota

Retesting Breakout Zone
RSI AND MACD Trending Down