#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)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.