2025-02-04 11:55:15 am | Source: Religare Broking Ltd
Stock of the day : Cholamandalam Investment and Finance Company Ltd For Target Rs. 1418 - Religare Broking
Cholamandalam Investment and Finance Company Ltd
Buy Cholamandalam Investment and Finance Company Ltd CMP 1337.90 Range 1335-1340 SL 1297 Target 1418
* CHOLAFIN experienced sharp vertical up-move closing with 5.73% gains.
* The stock has formed a consolidation at its weekly 100 EMA levels, and follow-on is seen to close near the higher end of the consolidation range.
* Over the weekly chart, the stock is continuously trading above its important moving averages, forming higher highs.
* Traders can accumulate the stock in the mentioned range for short momentum.
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