CHOLAMANDALAM INVESTMENT HARMONIC ABCD PATTERN
Cholamandalam Financial Holdings Ltd. Is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart with Huge Volume candles
3. Major support near 1060 - 1050 zone in short run and major support near 950-960 zone in long run
4. ABCD pattern under formation
Caution : Stock witnessed an aggressive short buildup in last few days and is under short covering now. Lets see How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart with Huge Volume candles
3. Major support near 1060 - 1050 zone in short run and major support near 950-960 zone in long run
4. ABCD pattern under formation
Caution : Stock witnessed an aggressive short buildup in last few days and is under short covering now. Lets see How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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