praveen.bhatiya
Long

Buy Bullish 3-Drive Pattern with Divergence

NSE:CANFINHOME   CANFIN HOMES
The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern for decent return.
Wud love to see yur views on Pnb housing as well ...thanks
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praveen.bhatiya naveen_agrawal
@naveen_agrawal, PNB Housing Finance I could not find any trade able setup. It seems at important support level. I have drawn some lines for you. if some buying emerges it may form bullish pattern but we can assume buying so let the market reveals what it wants to do.
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naveen_agrawal praveen.bhatiya
@praveen.bhatiya, Thank you.
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hi...nice idea..do u expect any timeframe and upside targets pls?
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praveen.bhatiya naveen_agrawal
@naveen_agrawal, Reversal pattern suggests a reversal in trend which can easily bring the price to 600 level in 4-6 weeks.
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naveen_agrawal praveen.bhatiya
@praveen.bhatiya, Thank you so much for this.
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