Buy Can Fin Homes Ltd For Target Rs.720 - Monarch Networth Capital
Can Fin Homes Ltd
Stock has been bouncing back from lower levels since last two weeks and closing above cloud on the weekly chart. Other ichimoku cloud indicators are also showing bullish momentum and it has formed bullish candlestick formation today.
On the momentum front Stochastics is bouncing back from oversold territory and it has given positive crossover as well.
Recommendation is to Buy in the range of 1600-1700 keeping Stop loss at 1290 level and Target at 1950-2200 levels.
RECOMMENDATION BUY - Buy range: 560-575 CMP: 570 SL: 490 TARGET: 720 TIMEFRAME: 3-4 MONTHS
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