CHOLAHLDNG - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.2

Here’s a detailed technical analysis of CHOLAHLDNG

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹1,878) and 200 DMA (₹1,787), confirming bullish momentum.

RSI at 61.7 indicates healthy buying interest, nearing overbought zone.

MACD at 14.7 shows a strong positive crossover, reinforcing bullish sentiment.

📈 Technical Indicators

Moving Averages

Price (₹1,956) > 50 DMA (₹1,878) > 200 DMA (₹1,787): Golden crossover confirmed

RSI (61.7)

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

MACD (14.7)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price approaching upper band, suggesting strength but also short-term resistance.

Volume Trends

Current volume (84.9K) < 1-week average (1.65L): Momentum slowing

Indicates reduced participation, watch for volume confirmation on breakout.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and RSI support continued upside.

Price action above key moving averages confirms trend strength.

FII inflows (+0.64%) add to positive sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,878 50 DMA, short-term base

Support 2 1,787 200 DMA, medium-term support

Resistance 1 1,990 Recent swing high

Resistance 2 2,100 Psychological barrier

Resistance 3 2,299 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,880–₹1,910 (on dips near 50 DMA)

Exit Zone: ₹2,100–₹2,299 (partial profit booking)

Aggressive Target: ₹2,350+ 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: Extremely high P/E (564) and PEG (111) suggest overvaluation; caution advised despite technical strength

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