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Cholafinance

CHOLAFIN--@Trendline Holds or Breaks??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 pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:CHOLAFIN
by IIT-Trader
1
CHOLAFIN--@Trendline break??I am sharing the important levels of Support and Resistance. These levels play 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 pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:CHOLAFIN
by IIT-Trader
2
CHOLAFIN--Breakout or Breakdown??I am sharing the important levels of Support and Resistance. These levels play 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 pressure typically prevents the asset from rising higher. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:CHOLAFIN
by IIT-Trader
5
CHOLAFIN Analysis??Observations:: the stock is continuously moving upwards... After breaking the resistance @820 zone..A rally base rally is observed. base @1050 is tested and moved again... In weekly time frame the price is showing bearish...we don't enter for short now... we have to wait for the price to break the base and gives us some pullback then only...short entry. In Daily time frame, support zone observed @1075... if price tested this will be on buy side...wait for long opportunity in this zone... the previous resistance @1140 acts as support...price again moves up... if this not giving any pushup...a continuous fall is observed to support zone. critical Case:: the zone @1075 acts as support, and the previous resistance acts as again resistance price fall is going to observe. careful here.
NSE:CHOLAFIN
by IIT-Trader
CHOLAFIN--Consolidation + Up side ?? ----->> the stock is trending upwards in daily time frame. ------->> the previous resistance @ 820 level was broken strongly, observe a consolidation before showing bullish pressure above 820 levels. ------->> now the price is almost trading 200 points above the resistance previous. -------->> If price showing bearish pressure in tis stock will observe a strong bearish momentum towards previous resistance. -------->> Keep track this stock for few days. It will remain continue or reversal again back to 820 levels. Look for buy @ 980 zone to ride with Momentum if it is going again bullish. Exit if breaks 975. keep track this Instrument.
NSE:CHOLAFIN
by IIT-Trader
2