ParyataK

CANFIN HOMES Weekly Trade Opportunity; Parallel Channel setup

Long
NSE:CANFINHOME   CANFIN HOMES
Can Fin Homes is building a beautiful parallel channel . This channel begins from Fall of 2020, and builds up till date. The stock has given respect to both bands of this channel and continues its journey. Currently the stock is trading near its all time highs of 2017, which it did broke a few weeks back, but faced a strong resistance and retraced. This week can help the stock with its momentum and help it close above this resistance zone . Personally Bullish on this stock.

** I am not a SEBI Registered Advisor. Kindly consult your advisor before taking trade.**

Trading Tip: Construct a bullish pennant on 15min chart, it is clearly visible. You can observe that there is a breakout in this TF accompanied with strong volumes. It surely builds a great short term opportunity for the stock!

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