CANFINHOME
Its definitely a buy, with the channel bottom as a stop loss.
Ideally on 26th-may it should have continued heading up and up., Not sure, whether, the News on No-Objection-Certificate requirement for HomeLoan could have dragged down on last friday., but wondering to see it tested the fibonacci 50% retracement at 2670 and returned. So, there could be a chance to test bottom again ? If so, that a great opportunity to enter as fresh too, with channel bottom as SL.
If there is no external news & impact, it can continue going high, and once if it crosses 2675 then, target.1 is 2800, and then if crosses 2900, can go up to the channel top.
Duration can be two weeks to a month time.
This idea is for leaning purpose, use your own reasoning and review before entering., and please add your comment, if any.
Trade active:
2675 crossed!
Comment:
4% up today. Good to see its going on as expected.
Comment:
Chart looks very nice and Today's high so far is 2800. :). Target 1 achieved in a week time.!
Trade closed: target reached:
Nice! Target 2 also reached. Day's high so far is 2947.
Investors can hold or book profit partially.
Investors can hold or book profit partially.