CHOLAFIN presents a tactical buy-side technical opportunity from oversold levels near ₹1499 pivot support (S1 ₹1493/S2 ₹1484), with RSI(34.03) and STOCH(20.90)/Williams %R(-71.59) confirming capitulation exhaustion primed for mean reversion bounce amid bearish MACD(-16.21). All moving averages bearish (MA5-200 ₹1495-1560 overhead resistance) but neutral ADX(26.92) signals weakening downside momentum creating favorable risk-reward near strong S3 ₹1478 zone. Higher low formation validates accumulation—attractive long entry targeting R1 ₹1509/R2 ₹1515 resistance with tight stops below S2 ₹1484 for optimal rebound dynamics in this leading NBFC.Warning-
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One response to “CHOLAFIN-EQ”
Milestone reached Entry range – By Mentor at 2026-03-18 13:27:03