Cholamandalam Investment and Financial Symmetrical Triangle Breakout

Cholamandalam Investment and Financial has been in the nice up trend for many year and given impressive return to its investors. It made a 52-Week Low 912 in March 2017 and 52- Week High of 1353.8 this week.

In Nov 2017 we witnessed a breakout of Symmetrical Triangle on the Weekly chart of the stock with increased volumes but after that break it did't moved as expected and stuck in the range of 1330-1240 since last 9 Week.

We are expecting the continuation of up move in the stock to the 1650 level in next 3-4 months.

1300 zone will be a batter place to enter in the stock with the Stop Loss of 1200.