Stock analysis Cholamandalam Investment and Finance Company Limited CHOLAFIN

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Moving Averages for Cholamandalam Investment and Finance Company Limited

5Day Average: 1260.13
12Day Average: 1268.67
20Day Average: 1221.05
50Day Average: 1159.37
100Day Average: 1176.29
150Day Average: 1174.03
200Day Average: 1162.78

CHOLAFIN Indicators & signals

Indicator MACD (12,26,9)

1249, 1219.85, 31.37
Indicator MACD is in positive zone

Indicator ADX (14)

20.23, 27.1, 17.98
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CHOLAFIN Cholamandalam Investment and Finance Company Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
16 Thu May 2024	1262.00	1231.55 to 1271.95	2.49%	0.71 times
15 Wed May 2024	1231.35	1224.00 to 1259.35	-1.65%	0.54 times
14 Tue May 2024	1252.05	1243.20 to 1290.00	-2.38%	0.51 times
13 Mon May 2024	1282.60	1242.15 to 1302.00	0.78%	0.69 times
10 Fri May 2024	1272.65	1224.65 to 1279.15	4.1%	1.12 times
09 Thu May 2024	1222.50	1216.40 to 1273.95	-3.28%	0.49 times
08 Wed May 2024	1263.95	1258.60 to 1306.65	-3.25%	0.89 times
07 Tue May 2024	1306.35	1288.60 to 1331.05	-1.48%	0.65 times
06 Mon May 2024	1326.00	1300.00 to 1349.90	1.24%	0.57 times
03 Fri May 2024	1309.70	1301.25 to 1352.60	0.62%	1.46 times
02 Thu May 2024	1301.60	1206.00 to 1309.80	9.08%	3.08 times
30 Tue Apr 2024	1193.30	1173.00 to 1212.80	1.91%	0.76 times

Technical analysis forecast of Cholamandalam Investment and Finance Company Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Cholamandalam Investment and Finance Company Limited CHOLAFIN at this time. Stock is rising and might rise more.

It appears as if Cholamandalam Investment and Finance Company Limited CHOLAFIN gave a large move recently.

Stock of Cholamandalam Investment and Finance Company Limited (CHOLAFIN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Cholamandalam Investment and Finance Company Limited is bullish for shortterm, and stock might move up till 1298.1 or till 1377.7. Use a stoploss of 1231.68 and if this stock hits its stoploss, then it can fall down till 1165.29

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