Long
CANFINHOME (Future) : Setup for Primary Wave C Rally
CANFIN Homes (CANFINHOME1!): Setup for Primary Wave C Rally
Wave Analysis:
Prices are nearing completion of Corrective Primary Wave C, with support identified at 776-763 INR.
A prior liquidity zone sweep below 805 INR suggests accumulation.
Key Observations:
Failed Breakout: Resistance at 805 INR led to a false breakout (Break of Structure).
Reversal Potential: Buyers could step in near 776-763 INR.
Trading Plan:
Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.
Wave Analysis:
Prices are nearing completion of Corrective Primary Wave C, with support identified at 776-763 INR.
A prior liquidity zone sweep below 805 INR suggests accumulation.
Key Observations:
Failed Breakout: Resistance at 805 INR led to a false breakout (Break of Structure).
Reversal Potential: Buyers could step in near 776-763 INR.
Trading Plan:
- Entry:
First entry at the current price (805 INR).
Second entry near 776-763 INR (Wave C support). - Stop-Loss: Place stop-loss below 740 INR.
- Target Levels:
First target: 870-900 INR (minor resistance).
Final target: 970-994 INR (completion of Wave C rally). - Indicators to Monitor:
Look for bullish divergence on RSI or MACD near support zones.
Watch for volume spikes signaling strong buying interest.
Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.