CANFIN HOMES - SWING TRADE IDEACAN FIN HOMES has given breakout on daily chart with really good volumes, we can upside momentum in upcoming days
CANFINHOME trade ideas
Symmetrical Triangle Bullish Breakout !A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
Canfin homes trying for breakoutTrading above 50 dma and also breakout above 535. Can reach upto 550/575
CANFIN SHOWING A TRIANGLE FOR BREAKDrop your valuable comments on this scrip, it clearly shows a up move possiblity
BUY and HOLD Consolidation on right now. Good opportunity to buy.
SET A STOP LOSS ACCORDINGLY
Chart study - Not a call
Note: I have entered and holding at 510
Possible UP move with Good RR ratio !Dear traders, as you can clearly see that canfinhome is making a symmetrical triangle pattern. But main thing we should notice here is that the support line is more strong as it has tested more no. of times than the resistance line. Also look at volume bars, During red days the volume is generally low as compared to big green volume bars on green days. Buyers are little bit stronger here in my opinion. Although Symmetrical triangle can give breakout on both sides but in my opinion if market supports this analysis ,it can be a good buy as risk to reward ratio is best here, Risk being very minimum. Note that this analysis was done by me only for educational purpose, Feel free to share your views/feedbacks.
Possible bounce from current levelTaking support from current levels
Good volume can be seen on last trading day -- add to watchlist
If OPEN=LOW -- good opportunity on Monday
CANFINHOME If gets support on the line drawn the one should longCANFINHOME If gets support on the line drawn the one should go long
Breakout is ahead ✌✌✌This scrip is ready to fly as it forming triangle pattern breakout. Once it is breaks we expect some decent return. So traders keep on your radar.
canfinhome -Day trade Using PFE momentum Indicator1, PFE indicator showing weakness on 15 minute chart.
2. downside it can give good movement.
3.According to PFE weakness may increase.
Good Risk Reward Ratio. ✌✌As it lies strong support, further it will move upto 552. If bullish trend continue we will expect more.
Swing Trade Idea #244 : Long on CANFINHOMEThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
CAFINHOMES, 1HR TFDescription: Price forming a double bottom pattern with a visible RSI divergence.
For a safe bet, one must enter after the breakout of counter trendline.
Double Bottom patternThe stock is making a double bottom pattern and looks good positionally above 620 levels.
Canfin HomeCanfin Home - closing above 620 will be a flag breakout and can give target of 750 in near term. All oscillators indicating bullishness of the stock. ADX 30 indicating strength in movement.
Breakout in Can Fin Homes...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
