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:
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.
