CHOLAHLDNG - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis Summary for CHOLAHLDNG
Technical Rating: 3.2
📈 Chart Patterns & Trend Status
Trend Status: The stock is currently reversing from a prior uptrend. It has broken below key support zones and is trading below its 50-day moving average.
Pattern Observed: A potential double top near ₹2,299 followed by a breakdown suggests bearish sentiment. The recent price action resembles a descending channel, indicating short-term weakness.
📉 Moving Averages
50 DMA: ₹1,997 — Current price is below, signaling short-term bearishness.
200 DMA: ₹1,766 — Still above, indicating long-term trend remains intact.
Signal: Bearish crossover between 50 DMA and price suggests caution.
📊 RSI & MACD
RSI: 35.7 — Approaching oversold territory, but not yet a reversal signal.
MACD: -11.8 — Negative and diverging, confirming bearish momentum.
Signal: Weak momentum; no bullish divergence yet.
📉 Bollinger Bands
Price is nearing the lower band, suggesting potential for a short-term bounce.
Signal: Mild oversold condition, but not a strong reversal setup.
🔊 Volume Trends
Current Volume: 3.91 lakh vs 1-week Avg: 2.78 lakh — Above average, indicating active selling pressure.
Signal: Volume spike on down days confirms bearish sentiment.
📌 Support & Resistance Zones
Level Price (₹) Commentary
Support 1 1,850 Minor support, recently tested
Support 2 1,766 Strong support near 200 DMA
Resistance 1 1,997 50 DMA, short-term resistance
Resistance 2 2,100 Psychological level, prior swing
🎯 Entry & Exit Zones
Optimal Entry: ₹1,770–₹1,800 (near 200 DMA with tight stop-loss)
Exit Target: ₹1,990–₹2,050 (if reversal confirmed)
Stop-Loss: ₹1,740 (below 200 DMA breakdown)
🧭 Final Take
CHOLAHLDNG is showing signs of short-term weakness with bearish momentum indicators and a breakdown below key moving averages. However, long-term trend remains intact above the 200 DMA. Traders may consider watching for reversal signals near ₹1,770, but aggressive entries should be avoided until momentum improves.
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