Some Interesting patterns and sentiments developing in the oversold stock of CANFIN homes.
Analysis with levels mentioned in chart. Slighlty Bullish bias view is presented as stock was in a large downtrend.
CE OI thrice that of PE OI. 150 Seems like an unbreakable level. Short and carry till levels of 135. Stoploss: Above 145.6 Further analysis after target meets.
TGT-1:2300, TGT-2:2200, SL: 2375 $2 Bn Market Oppurtunity in Danger! 2400: High CE OI 2300: Highest addition in OI Short Buildup possible in next session
SL: 739 TGT: 715 Fresh View after that.
With Good fundamentals, impressive results and robust order book growth of 75%(9-month YoY). This falling wedge(approx) WITH converging MACD looks like a sound bet to go long in the near term.