Cholamandalam Investment & Finance (CHOLAFIN) at ₹1669.6 shows buy-side potential from intraday support near day’s low ₹1667.6 and above 200-day MA ₹1580, with RSI(34) oversold rebound amid NBFC sector rotation despite -0.56% dip.
Price holds near pivot S1 ₹1493 (adjusted scale) with volume 168k accumulating, MACD(-16) histogram narrowing targeting R1 ₹1508-1515 on banking inflows continuation.
Stochastic(20) sell turning neutral and low ADX favor bounce; buy dips above ₹1665 for 1-2% upside to 50-day MA ₹1701, low-risk entry on financials momentum
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.