CANFIN HOMES monthly and weekly raising wedge breakout with bullish.Long-term breakout from the previous high. Very good bullish retracement in weekly and daily charts. Sector performance is also very good. Target 947. Stop loss 725
Sell Canfin Homes below 730 target 724, 719. Reason for Sell, RSI has become weak also have tested 732 level 4 times so the level has become weak, close below 730 will give downside move to 724,719,709.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
CANFIN HOMES Looking good for upside..
When it break level 741 and sustain.. it will go upside...
Target
1st 752
2nd 763
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
Breakout from a weekly resistance, buy above 756, seeing an upside till 927. This is for Idea purpose only, I am not a SEBI Reg. analyst. Do your own research before investing. Comment if you have any questions regarding this.
In this technical analysis article, you can examine the CanFinHome weekly chart and evaluate various indicators and patterns to gain insight into potential price movements. We focus on horizontal resistance, Elliott wave theory, daily RSI, anti-shark patterns and price action to estimate the future direction of the stock price.
Weekly horizontal resistance:...
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 733
#This is not Buy and Sell recommendation to any one. This is for education...
Can fin homes looks after breaking a falling resistance trendline on weekly chart and gives a close above so we can consider it is breakout of triangle resistance trendline and after a breakout of falling resistance trendline we can go long in it for the target of 704 taking stop loss of 618 below a weekly candle close.
TARGET AND STOP LOSS
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹...
Entry 696.5
Qty 50
SL 687 (1℅)
Price broke major resistance on higher time frame.
Took medium sized position as stoploss is very thin
Waiting for more traction to add further accordingly
On Daily Chart two patterns has been noticed recently in CANFIN HOMES: Continuation Diamond (Bullish) and Flag (Bullish)
Continuation Diamond (Bullish) - explanation
The script canfinhome previously experienced a period of consolidation where the price moved within a specific range. However, the price has now broken out of this range in an upward direction,...
Stock looks weak , the pullback after the big fall was thin and drifted in an unhealthy way , with low volumes all the way long form the recent past stock might make a dive down again
Levels plotted on the chart for reference
Feel free to add your comments
