CANFIN HOMES , Daily Analysis , Reversal Indication ?.
* Price Was Trending Downwards And Making Lower Low's .
* Price Made Its 1st Higher Low And Brock Last Lower High . (First Indication )
* RSI Giving Positive Divergence With Price Action .( Second Indication )
* Last Day Candle Was A consolidated Candle . ( Indecisiveness of Buyer And Seller )
# I Am Expecting A Drop Around 290-275 (Fib 0.5-0.618) Zone .
Will Find Bullish Pattern There And Go Long For A Target Of 350.
# If It Did't Give A Drop And Brock 321 Level With Good Vol . Then Go Long For 350 Target .( For Aggressive Traders )
Buy On Drip Will A good Opportunity With A Good Risk Reward .
Happy Learning .
* Price Made Its 1st Higher Low And Brock Last Lower High . (First Indication )
* RSI Giving Positive Divergence With Price Action .( Second Indication )
* Last Day Candle Was A consolidated Candle . ( Indecisiveness of Buyer And Seller )
# I Am Expecting A Drop Around 290-275 (Fib 0.5-0.618) Zone .
Will Find Bullish Pattern There And Go Long For A Target Of 350.
# If It Did't Give A Drop And Brock 321 Level With Good Vol . Then Go Long For 350 Target .( For Aggressive Traders )
Buy On Drip Will A good Opportunity With A Good Risk Reward .
Happy Learning .
Trade closed: target reached:
Give Targets till 400 , enjoy the gains