Chola finance Long idea
Similar to my Bajaj finance idea on hourly this one is on daily and patience would be required.
The 500 area in the stock has been a demand zone which was once broken and given a bear trap with a massive rally of 70-80points. After that massive rally price has now come back to test the 500area. Hourly atr shows that the stock has consolidated for a while and enough consolidation in the stock seen.
We plan to buy the stock in futures with stops of 10points for a target of T-570 T2-640.
The 500 area in the stock has been a demand zone which was once broken and given a bear trap with a massive rally of 70-80points. After that massive rally price has now come back to test the 500area. Hourly atr shows that the stock has consolidated for a while and enough consolidation in the stock seen.
We plan to buy the stock in futures with stops of 10points for a target of T-570 T2-640.
Transaction en cours
Has started moving immediately. We have upped the trailing stops to cost 503.Trade fermée manuellement
Closed the trade on trail. It might just be i got stopped.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.