Can Fin Homes Ltd. is another interesting chart with following
1. ABCD pattern under formation on weekly chart
2. Narrowing Bollinger Bands on weekly chart
3. Price traded and closed on Upper Bollinger Band on daily chart with huge volume.
4. Next Minor resistance 845-850 zone which is box number also once closed above it, it will form breakout of long consolidation in a box.
5. Box size almost 125 points between 720 - 845 zone Breakout of box can yield minimum 940 - 970 zone
Can be a good buy on dips and dips only as per one's own risk reward matrix. Lets see How it evolves.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. ABCD pattern under formation on weekly chart
2. Narrowing Bollinger Bands on weekly chart
3. Price traded and closed on Upper Bollinger Band on daily chart with huge volume.
4. Next Minor resistance 845-850 zone which is box number also once closed above it, it will form breakout of long consolidation in a box.
5. Box size almost 125 points between 720 - 845 zone Breakout of box can yield minimum 940 - 970 zone
Can be a good buy on dips and dips only as per one's own risk reward matrix. Lets see How it evolves.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.