Canfin Homes ready for a rally to 390/400. MACD positive divergence and trendline break support analysis.
After a long downward trend, stock took support near weekly demand zone. On charts showing Bullish divergence w.r.t RSI and Morning Star formation on LL levels, which is a sign of reversal. Can be bought here for short term targets of 370, 380 and 400+ in near term.
- check arrows.. major support and resistance will be shown at these levels - MACD line about to cross. Keep a close check - Targets on the right in orange - only for study purpose
Disclaimer..Not an investing/trading recommendation
REVERSAL PATTERN IS FORMED BUY ABOVE 470 TARGET 485.30 STOP WILL BE CANDLE CLOSE BASED BELOW RECENT LOWEST LOW.
Can Fin Homes Limited Trading technical call for Medium Term CMP: 477, Closing basis stop loss CBSL: 429, Targets 510 520 530 Technicals: * Fibonacci retracement * Pull back trading * Consolidation Breakout * Good volumes * Trend line Breakout
CanFin at support. Both falling channel and horizontal support
Weekly Impulse is done now the bigger correction has started which could test lower levels in coming months.
The stock gone through correction and a breakout of downward channel, expect it to resume the uptrend
This is a classic Head & Shoulder Pattern that has formed in Canfin Homes daily chart after a long rally of many years One can see the shoulders and Head defined in the chart along with the neckline. The volume also in confirmation of the pattern as one can see high volumes during the Left Shoulder & Head with gradual decline at Right Shoulder. The Pattern has...
This is a classic Head & Shoulder Pattern that has formed in Canfin Homes daily chart after a long rally of many years One can see the shoulders and Head defined in the chart along with the neckline. The volume also in confirmation of the pattern as one can see high volumes during the Left Shoulder & Head with gradual decline at Right Shoulder. The Pattern has...
CANFINHOME Expecting one more leg downside thn buy on bottom
Canfin Homes has confirmed a breakout in today's trade after a decent consolidation. ADX has crossed above 27. Looks good for more upmove. All corrections towards 1350 levels should be used to accumulate. Looking set for targets of 1463 and beyond.