Daily Chart Analysis on

CHOLAFIN

CHOLAFIN – Daily Chart & Technical Analysis The stock has shown renewed buying interest after a consolidation phase. Recent candles indicate re-entry by buyers near critical moving averages. Momentum indicators suggest mixed-to-slightly-positive bias: RSI is neutral, MACD is showing signs of recovery, but not yet strongly bullish. The stock seems to be testing resistance in the short term (around the moving average zone), while support remains at lower MA levels. Price action shows that short-term dips are being picked up, indicating that demand is still present. Overall, the structure indicates attempt of bullish reversal, though confirmation is needed. Fundamental View CHOLAFIN is a large NBFC / financial services company under the Murugappa Group. Strong Growth: Over past years, the company has delivered good growth in revenues, profits, and Assets Under Management (AUM). Key metrics: ROE & ROCE are healthy; P/E is elevated but perhaps justified by growth expectations. Business mix: Vehicle finance, home loans, mortgage, etc. The home finance segment has shown good YoY AUM growth.