As Per technical Analysis and Volume Analysis NSE:CANFINHOME Looks like It had taken Support Near 712-715 level if its break 700-690 then we can see more down fall and it will test 650,630 Level.
Currently looks like it will reverse From current Level and it will Test 780,800 Level.
As Swing trading purpose we can Add this stock in Portfolio.
Levels Buy Near...
Canfin Home seems week on the chart may touch the Target Line in coming days or week. Buying opportunities occur if the trendline is not broken. The fraud is conducted by its employees Vishal Saxena, Vivek Bhagat and Deepak Gupta as reported by the management to BSE. The fraud is not too big to affect the assets quality. It can be a buying opportunity if it...
Interesting setup developed over last few sessions in Can fin homes. Negative Divergence seen on chart for PRice and RSI and also mild divergence in Price and MACd . At 825 rs this is technically a short candidate, but results today so need to observe how it pans out
Canfinhome looks over reacted for the news of course put writers gone for toss.
it happens.
Irrespective of the new, chart is saying go long.
If one can take risk can buy cmp 745 target 900+
Following the discovery of employee dishonesty, Can Fin Homes fails. This deception caused it to drop over 18% from its recent high.
I believe that if it builds up steadily and is given enough time, it will be able to provide a good return.
Once it crosses the 777–780 range, I anticipate positive movement.
Positionally, it might reach 800 or 850.
I'm not a...
Canfin homes 851.20 dated 25-7-2023
1. Bearish Engulfing Candle @ Top of chart.
2. Price Fall with Volume
Sell below 845 target 825-815-800-790-765
SL 895
It is just a view, please trade at your own risk.
‼️From 20% PROFITS to only 5% profits in just 2 DAYS🔻
This is what happened....
The Curious Case of Can Fin Homes 🧐
So Can Fin Homes broke out of a monthly consolidation sometime back and that was the time I picked the stock up. It was performing well, delivering 20% + Returns 🤑 in just a few weeks. Numbers announced for the quarter were very strong as well...
Short CANFINHOME breakdown of the trendline. Target 656 to 621. Support at the Fibonacci golden ratio 0.5 Target 656 Second Target at 0.618 level of 621.
As per Volume analysis Looks Like CANFINHOME will give Small Negative Trend if its break 882-880 level.
If canfinhomes breaks mention level then possibly it will test 870-865 level.
Will wait for for entry to get execute.
Only For Educational Purpose.
Long Canfin above the BO as marked on the charts. High probability that the stock will bounce back again. Shortly levels 0f 775-800 can be seen. This is for your educational purpose only.
CANFIN HOMES
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 855+.
✅Can Go short in this stock by placing a stop loss below 772-.
Price has given decisive breakout above its resistance around 700.
In its history, price has at least tested the 161.8% FR level or the 261.8% FR level.
So the up-move is likely to extend to at least 950, and 1400 on optimistic basis.
Bullish view remains valid as long as prices stay above 660.
eyeing for bearish side for next week plus july series
reasons -
weekly based bearish engulfing pattern
daily based RSI divergence
1st tgt looking at 710-707
disclaimer - trade @ own risk
CANFINHOME has given cup and handle breakout on weekly timeframe.
Target: 950 then 1150.
SL: Daily candle close below 720
Note: This stock has been in correction (time and price) since last 5-6 years and given good breakout which is positive sign and stock has potential to give multi-fold (1x,2x,3x) returns over next 1-2 years.
