The chart displays a confirmed Cup and Handle pattern, which is a highly bullish continuation pattern.
Pattern: Cup and Handle (Daily Chart).Breakout: The price has successfully broken out above the pattern's resistance level (the lip of the cup) at approximately $₹1,656.60. This move is typically followed by a strong upward rally.
Target: The measured move target for this pattern is projected at $₹2,149.
Recommendation: Strongly Bullish on a daily timeframe. Maintain the breakout level ₹1,656.60 as a key support/stop loss.
This technical signal is further reinforced by positive fundamental indicators, with Cholamandalam Investment & Finance reporting strong recent earnings growth and a positive consensus from institutional analysts.
Pattern: Cup and Handle (Daily Chart).Breakout: The price has successfully broken out above the pattern's resistance level (the lip of the cup) at approximately $₹1,656.60. This move is typically followed by a strong upward rally.
Target: The measured move target for this pattern is projected at $₹2,149.
Recommendation: Strongly Bullish on a daily timeframe. Maintain the breakout level ₹1,656.60 as a key support/stop loss.
This technical signal is further reinforced by positive fundamental indicators, with Cholamandalam Investment & Finance reporting strong recent earnings growth and a positive consensus from institutional analysts.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.