Can Fin Homes Ltd

Does this scrip qualify for a buy @ CMP 186 with SL somewhere around 175.
Fundamentals seems good as well.

Thanks
Naveen

 

Thank you Shabbir.

But that SL is on closing basis or even otherwise. Since trading in low volumes, I thought of a more conservative SL.

Thanks
Naveen

 

Hi All(Except Shabbir ),

Why dont you all pitch in with opinions

Thanks
Naveen

 

Chart is looking good. Seen a breakout from "w" pattern on April 2nd .

 

Hi Naveen,

Price has broken previous resistance on the weekly chart and is bullish though note there will be resistance at key Fibonacci levels.

This stock was in my watchlist as there is no overhead resistance in weekly charts and there is more potential for an upside movement.

SL can be placed under the previous swing low at 180 as suggested by Shabbir.

I've attached the chart with the breakout pattern.
Not sure if the attached png file is displayed correctly as I wasn't able to preview properly.

 

Unfortunately, I did not get in to the stock due to no specific reason. Could have been a great play.

 

Planning to close the position as there is strong resistance in weekly chart (as pattern in larger timeframe takes precedence)
Can re-enter once price pullsback.

I'm reviewing all my open positions and closing out positions near resistance or where correction is forming.