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Cholamandalam Financial Holdings Ltd

Check the daily chart of Cholamandalam Financial Holdings Ltd. The closing price of 2023-02-03 was INR602.60 per share.

Cholamandalam Financial Holdings Ltd Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Cholamandalam Financial Holdings Ltd Daily Moving Averages ChartCholamandalam Financial Holdings Ltd Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Cholamandalam Financial Holdings Ltd:

  • The Moving Average Convergence/Divergence (MACD) is 4.799. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
Cholamandalam Financial Holdings Ltd Daily Moving Average Convergence/Divergence (MACD) ChartCholamandalam Financial Holdings Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Cholamandalam Financial Holdings Ltd:

  • The ADX is 19.848. Not trending. -2
  • The ADX is declining, there is no upcoming trend indication. -1
  • The +DI is higher than the -DI. The current trend is up. +2
Cholamandalam Financial Holdings Ltd Daily Directional Movement Index (DMI) ChartCholamandalam Financial Holdings Ltd Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Cholamandalam Financial Holdings Ltd Daily Parabolic SAR ChartCholamandalam Financial Holdings Ltd Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    Cholamandalam Financial Holdings Ltd Daily Relative Strength Index (RSI) ChartCholamandalam Financial Holdings Ltd Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    • The Stochastic is above 70 and overbought. +2
    Cholamandalam Financial Holdings Ltd Daily Stochastic Oscillator ChartCholamandalam Financial Holdings Ltd Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Cholamandalam Financial Holdings Ltd Daily Commodity Channel Index (CCI) ChartCholamandalam Financial Holdings Ltd Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Cholamandalam Financial Holdings Ltd Daily Chande Momentum Oscillator (CMO) ChartCholamandalam Financial Holdings Ltd Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Cholamandalam Financial Holdings Ltd Daily Williams %R ChartCholamandalam Financial Holdings Ltd Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Cholamandalam Financial Holdings Ltd Daily Bollinger Bands ChartCholamandalam Financial Holdings Ltd Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Cholamandalam Financial Holdings Ltd Daily Average True Range (ATR) ChartCholamandalam Financial Holdings Ltd Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Cholamandalam Financial Holdings Ltd Daily On-Balance Volume (OBV) ChartCholamandalam Financial Holdings Ltd Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Cholamandalam Financial Holdings Ltd Daily Money Flow Index (MFI) ChartCholamandalam Financial Holdings Ltd Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Cholamandalam Financial Holdings Ltd.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-20STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2023-01-23DMI SHORT ENTRY LONG CLOSE
    2023-01-24DMI LONG ENTRY SHORT CLOSE
    SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE
    2023-01-30SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    2023-01-31DMI SHORT ENTRY LONG CLOSE
    2023-02-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    MFI80 crossover to upside
    2023-02-02STOCH SHORT ENTRY LONG CLOSE80 crossover to downside

    5.2. Technical Score

    Let's check the technical score of Cholamandalam Financial Holdings Ltd based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5059.964
    Ma 20Greater thanMa 50587.100
    Ma 50Greater thanMa 100585.576
    Ma 100Greater thanMa 200607.858
    OpenGreater thanClose602.850
    Total3/5 (60.0%)

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