CANARA FIN HOME CHANNELCANFINHOME channel as observed on day chart. Huge upside possible as long as the channel support is not breached.
CANFINHOME trade ideas
CANFIN HOME Short term viewIt giving sign of reversal from bearish mode. Target range is 500-510 range. CMP:459.9
Vijayaraghavan,
INDITARDE,Kovilpatti
Buy Bullish 3-Drive Pattern with Divergence 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.
Short CANFINHOME based on Head and ShouldersThere has been a break down from the neck line ( 507 ) with significant volume increase
Can short this with strict stop loss @507.
Threats: The pinbar formation shows the entry of bulls. Change the position to long if the neck line is reasserted.
Can Fin Home SnR tradeSupport and Resistance trade leading to a low-risk high gain trade opportunity. Bought Nov futures at 506.1 with stop loss at 496.9
This can be called as catching the falling knife. You may want to wait till the fall is complete i.e a green candle is formed.
CANFINHOME BreakoutCANFINHOME is respecting the neckline for a a few months now. currently retesting it awaiting a breakout/reversal.
ALso today is its Result.
Any pullback in accumulation zone is opportunity for long .Any pullback in accumulation zone is opportunity
for long .
CANFINHOME bounce from medium term support 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.
CAN FIN HOME. BUY Rationale:
1. Trend line resistance break ( & recent stock split! )
2. Target 1: 598 ( whole no. resistance)
3. Target 2: 617 (Trend based fibonacci 61.8 retracement)
4. SL : 525 makes RR ratio ~1:2
CANFINHOME Flag BreakoutInverted flag is formed, also respecting the neckline which happened to be on 382 FIB level of the leg down.
Go Long A clear uptrend chart taking support.we can take position for long when it takes support again..............
CanFin Home DiscussionIt's just moving in the channel as seen in Andrew's Pitchfork! You can short it for the short term keeping a stop loss but also can wait for a breakout to long it.
CanFin Homes Ltd- Buy on confirmationThe stock is at a 7 month upward sloping trendline and also at previous resistance zone which may act as support. It is buy above today's high at 3010 with a stop loss of 2865 and a target of 3295
Canfin- Started RetracingStock is having a dream run since last 3 years.
A retracement is due before the uptrend resumes.
movement of this week shows its already started retracing
one can go short at CMP 2960 with SL above recent swing high 3150 with a target of retest to recent major swing low 2530 and later on 2450.
CANFINHOME: Reversal to enter, new HorizonStrong Reversal to enter, new Horizon.
All plotted on Chart.
LTP: @ 3121 at (11.11 am)
Go LONG: @ 3121
More @ 3094 - 3104
TARGET for Short term / SWING trade / Positional, Plotted on Chart.
More updates Later.
Strategy for FnO trade : On Query.
For intraday TARGET,
Follow, Snapshot of intraday Levels.
If enriched your knowledge,
P lease don't forget to Hit / Click Like button.
Comment appreciated.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Canfinhome short term trade setupChart and description has all the explanations.
Stop loss 3035, entry 3070-3080, target 3200
if trend line crosses ...then 3400 also possible
Ride the channel :D... { Bullish }Just follow the trend make possible entry in days low..
Put strict SL at the previous days low candle..
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
