WEEKLY PARABOLIC CURVEWeekly Impulse is done now the bigger correction has started which could test lower levels in coming months.Shortby waveanalyst751
CANFIN HOMEThe stock gone through correction and a breakout of downward channel, expect it to resume the uptrendby PrashantSarnaik112
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 Shortby tarangmht119
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 Shortby tarangmhtUpdated 7
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.Longby sudhansrini4