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CANFINHOME channel as observed on day chart. Huge upside possible as long as the channel support is not breached.
It giving sign of reversal from bearish mode. Target range is 500-510 range. CMP:459.9
CANFINHOME is respecting the neckline for a a few months now. currently retesting it awaiting a breakout/reversal.
ALso today is its Result.
CANFINHOME stock price bounce from the medium team support zone 508/538 ready for target of 650+ by keeping stop loss below 473.
1. we can RSI divergence.
2. MACD is positive.
3. RSI above 50.
Inverted flag is formed, also respecting the neckline which happened to be on 382 FIB level of the leg down.