CANFINHOME trade ideas
Ready for a swing up to near 400Canfin Homes ready for a rally to 390/400. MACD positive divergence and trendline break support analysis.
CanFin Homes - Trend ReversalAfter 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.
CANFINHOMES - Daily Candle Chart- 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
Learning WyckoffMethods- 2.2 Quick gains from the demand pickupDisclaimer..Not an investing/trading recommendation
REVERSAL BUY CANFINHOMEREVERSAL PATTERN IS FORMED BUY ABOVE 470 TARGET 485.30
STOP WILL BE CANDLE CLOSE BASED BELOW RECENT LOWEST LOW.
CANFINHOME Medium term positional CallCan 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
WEEKLY PARABOLIC CURVEWeekly Impulse is done now the bigger correction has started which could test lower levels in coming months.
CANFIN HOMEThe stock gone through correction and a breakout of downward channel, expect it to resume the uptrend
Canfin Homes Showing Classic Reversal Pattern (Head & Shoulders)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 just completed with a breakout below the neckline and is likely to continue downwards. One can also see it move below its short term support at 2696 which further adds to downward pressure. However it could retest its old support or the neckline the if the market reverses on Monday 25th Sep but is likely to continue its downward journey from there on. It could also open with a gap down if market remains bearish .
Target : 2200
Stop loss : 2785
Canfin Homes Showing Classic Reversal Pattern (Head & Shoulders)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 just completed with a breakout below the neckline and is likely to continue downwards. One can also see it move below its short term support at 2696 which further adds to downward pressure. However it could retest its old support or the neckline the if the market reverses on Monday 25th Sep but is likely to continue its downward journey from there on. It could also open with a gap down if market remains bearish.
Target : 2200
Stop loss : 2785
CANFIN Homes : Breakout after a consolidationCanfin 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.
