Published on 4/06/2019 3:21:27 PM | Source: Religare Securities Ltd

Buy Can Fin Homes Ltd For The Target Rs.404 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #NBFC #Can Fin Homes Ltd #Trading Report #Religare Securities Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Now Get news on WhatsApp. Click Here To Know More

* CANFINHOME had an exceptional run during 2013-2017 as it rose almost vertically and made a new record high at 659.97 in June, 2017.

* Consolidation/ Profit taking become obvious after such a strong directional move and it has been witnessing the same for nearly two years. It tested the major support zone around 225 levels on the weekly chart and swiftly rebounded thereafter.

* Currently, it’s consolidating in a range while holding firmly above the support zone of multiple moving averages on daily chart. The current chart pattern and positioning of trend confirmation indicators are pointing towards fresh breakout ahead.

* We advise traders to initiate fresh longs position as per the levels. 


Buy Can Fin Homes Limited @ 357-360 SL 338 TGT 404 CMP 361.30


To Read Complete Report & Disclaimer Click Here


For Religare Securities Ltd Disclaimer   


Above views are of the author and not of the website kindly read disclaimer