yes..this is clear breakout just struggling with upper resistance..above 525 level can blast...also manage your risk with 518 as sl or 520 as stoploss..
keep learning and earning
Remember the name
CANFINEHOME making Bearish Flag pattern on weekly time frame but it can also "W"/ Double Bottom, this stock went down after news from resignation of Higher Member and Supreme Court stay notice on collection if i'm not wrong. wait for Price Action before making entry.
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistance (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
Stock Name - Can Fin Homes Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 645.
#This is not Buy and Sell recommendation to any one. This is for education...
Chart -> Canfin Homes daily
As previously Canfin has given a descending triangle breakout. Last time it completed it's pattern target of 127 Rs up-move successfully. Can it repeat?
Targets: All time high of 722, if broken than 840
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered....
Buy Can Fin Homes for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
Can Fin Homes Ltd. is a public deposit-taking housing finance company promoted by Canara Bank. It focuses on funding to low & middle group individuals & first-time homebuyers preferably salaried or professional. However, since 2014 it is also increasing...
CHART -> Canfin Homes DAILY SETUP
As seen per charts, there are few things to note:
1. Jubilant Ingrevia was trading under a trendline and in the downtrend. Recently it broke the trendline, telling the downtrend may be over.
2. From last few days it has started trading in a small upmove channel.
3. Today it has given a close above 200 DMA, and that now can act...
Get Ready for a Roller Coaster Day.
Just like we had stated in the earlier week, we did witness that the Market has been consolidating between the levels of 17700-17900.
In addition to which, however, the index managed to give a closing of above 17700, on the last trading day. Which, altogether was a good sign for the Market and its...
Price - 626.85 Dt. - 29.10.2021
It looks like the stock has completed the correction and is ready to resume the uptrend once again. The stock has made a Doji on the daily chart which indicates the reversal. RSI is also normal. If the stock closes in green with good volume on the next trading session then it will be a good candidate for the medium term.