Cholafin bounces 15% from the demand/buy zone!

Sep 3, 2024

On June 25, 2024, we published our long-term perspective on Cholafin as shown in the chart below.

CholaFin Wave Analysis - Wave 3 is Running! Use Ichimoku to Ride


On that day, the stock made a high of Rs. 1447 and closed around Rs. 1431.

However, we anticipated that the right time to take a long position in Cholafin would be when it bounces back from the demand/buy zone we had plotted on the chart.

On August 13, 2024, Cholafin made a low of Rs. 1302, touching our demand/buy zone. Today, on Sep 3, 2024, the stock made a high of Rs. 1500.

The stock has given nearly 15% returns in just 15 trading days.

We nailed the demand/buy zone long before the stock landed there!

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Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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