CHOLAFIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of CHOLAFIN

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹1,511) and 200 DMA (₹1,473), confirming a strong bullish structure.

RSI at 64.5 is in bullish territory, nearing overbought levels.

MACD at 18.6 shows a positive crossover, indicating sustained momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,586) > 50 DMA (₹1,511) > 200 DMA (₹1,473): Golden crossover confirmed

RSI (64.5)

Bullish zone. A move above 70 would signal overbought conditions.

MACD (18.6)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price is near the upper band, suggesting strength but also short-term resistance.

Volume Trends

Current volume (10.37L) < 1-week average (15.64L): Momentum slowing slightly

Indicates reduced participation, but not a reversal signal.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and RSI support continued upside.

Price action above key moving averages confirms trend strength.

Strong EPS (₹53.0) and ROE (19.7%) reinforce bullish sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,511 50 DMA, short-term base

Support 2 1,473 200 DMA, medium-term support

Resistance 1 1,600 Minor psychological barrier

Resistance 2 1,684 52-week high

Resistance 3 1,750 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹1,510–₹1,540 (on dips near 50 DMA)

Exit Zone: ₹1,680–₹1,750 (partial profit booking)

Aggressive Target: ₹1,800+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD and RSI

Outlook: Favorable for swing trades and medium-term positions

Valuation: Slightly premium P/E (30.0) vs industry (24.0), but justified by strong fundamentals and technicals

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