CHOLAFIN - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis for CHOLAFIN

CHOLAFIN stands on solid financial ground with commendable profitability metrics and consistent growth, but today’s technical picture urges caution. Let's dissect the landscape

🌟 IntraDay Trade Rating

2.7

The fundamentals hold up, but momentum indicators suggest a bearish undercurrent. Volume drop and pressure around DMA levels cloud today's intraday promise.

📉 Technical Breakdown

RSI: 35.8 Hovering near oversold; potential for bounce but weak signal unless supported by volume.

MACD: -16.5 Steep negative territory — confirms bearish momentum, no clear divergence yet.

Volume: 13.06L vs Avg 1Wk Vol: 19.99L Below average — lack of participation. Not ideal for intraday volatility plays.

DMA Levels

Trading below DMA50 (₹1,553) — bearish in short-term.

Slightly above DMA200 (₹1,465) — could act as intraday support.

FII/DII Shift: Minor FII reduction and DII increase — cautious rebalancing.

🛒 Intraday Trade Strategy

✅ For New Entry Today

Buy Zone: ₹1,480–₹1,488 Wait for confirmation above ₹1,485 with bullish candle patterns before entry.

Profit Target: ₹1,505–₹1,515 Modest upside potential unless sudden volume surge appears midday.

Stop-Loss Level: ₹1,470 Any slip below DMA200 risks further decline.

📌 If Holding Already Today

🔁 Exit Indicators

Bearish Flags

Continued MACD acceleration downward.

Price fails to reclaim ₹1,490 on recovery attempts.

Volume Signals

If volume remains under 14L by 2:30 PM IST, consider risk-off.

Price Action Watch

If price approaches ₹1,465 again, consider partial or full exit.

If price breaks above ₹1,510 with rising volume, trail stop to ₹1,495.

🧠 Final Thought

CHOLAFIN is fundamentally strong with healthy ROE and EPS growth, but intraday momentum isn't favoring aggressive plays today. Unless there’s a surprise surge in volume or a reversal pattern on the charts, tight-range scalping is your safest bet.

Want to screen setups with stronger intraday conviction or review post-close moves? I’ve got ideas ready whenever you are 📈💡

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