Canfin Homes look good on 1 day time frame for positive move..
when it brake level 578 and sustain it will go upside
1st target 590
2nd target 640
keep add this stock in your watchlist...
kindly see the details and levels on the chart
this can be good trade for this month and can give 12% return
this is not a trade recommendation
below you can check the link I have recommended it at 510 level for target of 570 and it has achieved the target within 1 month
Bearish flag pattern is formed in CANFINHOME on daily time frame
there is support level of 540 in the stock from it can retest and bounce back
You can also see from the chart there is a support of 200 ema.. it is likely to take support of 540 and bounce back If not it may break the flag pattern and move downwards below 530
one can initiate their positions based on...
#CANFINHOME - having seen some major correction along with some long consolidation, seems breaking out of its consolidation range, ready for some potential upward moves. All levels given below and on chart as well:
Enter @ CMP 544
SL @ 490
Targets 590 and 610
as per the price action its looks like breakout of channel also W pattern on chart so can keep small sl and go for buy side with almost 25-28% gain.
favourable risk and reward.
keep learning and earning
KEEP IN TOUCH
remember the name
TBB-TRADE_BEARS_BULLS
yes..this is clear breakout just struggling with upper resistance..above 525 level can blast...also manage your risk with 518 as sl or 520 as stoploss..
keep learning and earning
keep following
Remember the name
TRADE_BEARS_BULLS
CANFINEHOME making Bearish Flag pattern on weekly time frame but it can also "W"/ Double Bottom, this stock went down after news from resignation of Higher Member and Supreme Court stay notice on collection if i'm not wrong. wait for Price Action before making entry.
CANFINHOME- Round Bottom Formed. It is expected to travel towards the target marked zone 700+ .
Disc- Only for learning purpose and not a trading recommendation.
buy above 513
sl-498
tg- 530,550,570
condition - if a candle close above 511 then only buy
kindly trade on your own risk this is only for educational purpose
