CHOLAMANDALAM IN & FIN CO
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CHOLAFIN - Triangle pattern breakdown at 620 levels

62
CHOLAFIN is at the verge of breaking Triangle pattern on the downside at 620 levels. It will be confirmed if we see an HRly candle close below 620 levels. Target would be 608, 592.
On the bigger timeframe (daily), if we see a daily/wkly candle close below 600 (huge support), then the stock can see more downside towards 490-480 levels.
Note: This is a fundamentally strong stock and any fall has been buy on dips most of the time, but if price shows weakness, downfall cannot be ignored.
거래청산: 스탑 닿음
Pattern failed, SL hit

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