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⭐️ Ultra Equity Advice #134 | Buy | Expected Profit 8-10%

 Buy  Cholamandalam Investment & Finance (NSE: CHOLAFIN)

Cholamandalam Investment STOCK RECOMMENDATION

CMP#159
IdeaBUY
Buy Range159 – 160
Target172 – 176
StopLoss*153
Duration6 – 8 Trading Days
Potential Returns^8 – 10%
CMP#IdeaBuy RangeTargetStopLoss*DurationPotential Returns^
159BUY159 – 160172 – 1761536 – 8 Trading Days8 – 10%

# CMP – Current Market Price on June 11, 2020
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 166.
^ Potential returns are calculated based on the median of buy range.

 Verify Ultra Equity Advice #134

To verify our authenticity and credibility, do check the trading position update and recommendation timestamp. Be assured such records are permanent and irreversible.

Cholamandalam Investment TRADING UPDATE - POSITION & ACTIVITIES

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MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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