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Cholamandalam Investment Share Price Target: Buy Call at ₹1714 with Upside to ₹1790

Cholamandalam Investment Share Price Target: Buy Call at ₹1714 with Upside to ₹1790


Cholamandalam Investment and Finance Company Ltd. (CHOLAFIN) has received a fresh buy recommendation as the stock shows signs of bullish momentum in the short term. Technical indicators suggest a potential upside move supported by strong volume activity and a positive risk–reward setup.

Trade Setup and Levels

  • Buy Price: ₹1714

  • Stop Loss: ₹1680

  • Target 1: ₹1760

  • Target 2: ₹1790

The recommended entry point at ₹1714 offers a favorable risk-to-reward ratio, with downside protection placed at ₹1680. This setup limits potential losses while positioning traders to capture near-term gains up to ₹1790.

Technical Outlook
CHOLAFIN has recently shown strength after consolidating near its key support zone. A breakout above the recent resistance zone has opened the door for a short-term rally. The momentum indicators such as RSI and MACD are trending positively, indicating continued buying interest.

The stock’s 20-day moving average is acting as a strong support line, confirming that the ongoing uptrend remains intact. A sustained move above ₹1760 could accelerate buying momentum toward the ₹1790 level.

Investment Perspective
For short-term traders, this setup provides an attractive opportunity to capitalize on technical strength. Long-term investors can also monitor CHOLAFIN for accumulation on dips, as the company continues to deliver strong growth in its lending and finance business.

Conclusion

  • Action: Buy CHOLAFIN at ₹1714

  • Stop Loss: ₹1680

  • Target Range: ₹1760–₹1790

With improving technical trends and a well-defined risk management plan, Cholamandalam Investment appears poised for a potential breakout in the near term. Traders should watch price action closely and trail stop losses once the first target is achieved.

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