CANFIN Homes : Confirming the Channel Breakout

On the weekly charts, CANFIN Homes has confirmed the channel breakout on 16-Sep by retracing back to top end of the channel, taking support and consolidating there for 3 weeks before deciding to head higher as indicated by this week's green candle.

Long positions can be entered here with a stop placed below the breach of the upper channel line. Since stock has been making new highs, its advisable to ride the upmove by trailing stoploss once in profits. Also need to give this stock some time as this analysis is based on a weekly chart.

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