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CANFINHOME Finance Multiyear Breakout

Long
CANFIN HOMES (NSE:CANFINHOME)  
VolumeProfiltrader Updated   
NSE:CANFINHOME   CANFIN HOMES
Beyond Technical Analysis
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beyondta
CANFINHOMME Finance broke out of multiyear range and seems strong for a good upmove
Trade active:
TRADE: Entered half risky quantity @780 SL 700

REASON TO TRADE: IT broke out from a multiyear consolidation from June 2016 to June 2023 price range of 220-720 indicating strong demand and momentum for the same.

DEFINED SL @ 690 on a Daily Closing basis.
Comment:
TRADE: Added balance with same quantity @ 735

REASON TO TRADE: As it took multi supports at 700 and move up again have added same quantity as first entry bring the average cost lower as the buyers are defending their position and absorbing the supply.

DEFINED SL@ 695 on a Daily Closing Basis.
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