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.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.