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
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
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...
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.
