Stock of the day : Cholamandalam Investment and Fin Co Ltd For Target Rs. 1385 - Religare Broking
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Cholamandalam Investment and Fin Co Ltd
* CHOLAFIN has been in steady uptrend for over 8 months, trading at its record highs levels.
* It has registered a fresh breakout from the cup and handle pattern while holding above its short term moving average.
* Price pattern combined with uptick in volumes suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
Buy Cholamandalam Investment and Fin Co Ltd CMP 1297.25; Range 1295-1300; SL 1258; Target 1385
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SEBI Registration number is INZ000174330
