CHOLAFIN

Technical Analysis

The daily chart of

shows a strong uptrend with higher lows forming along a rising support line since February 2025. The stock recently bounced from the trendline around ₹1,530, reclaiming momentum and closing at ₹1,586.80 with a 2% gain. The setup suggests a potential short-term target of ₹1,640–₹1,650 (approx. 3.5% upside), as marked on the chart. Sustained trade above the trendline keeps the bullish structure valid, while a breakdown below it could invite further downside. Volume support near the trendline adds conviction to the ongoing upmove.