Buy and sell stock
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5./15 WEST
The short-term outlook is bullish for Can Fin Homes. The stock had surged over 9 per cent last week and has closed on a strong note. The 2 per cent rise on Thursday last week has taken the share price well above the key resistance level of ₹692. It also confirms an inverted head and shoulder pattern on the daily chart.
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The neckline support of this pattern is now at ₹690. Can Fin Homes share price can rise to ₹760-770 in the coming weeks. Traders can go long now at ₹712. Accumulate on dips at ₹695. Keep the stop-loss at ₹675 initially. Trail the stop-loss up to ₹720 as soon as the stock goes up to ₹730. Move the stop-loss further up to ₹735 when the price touches ₹745. Exit the long positions at ₹760.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on April 21, 2025
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