Shown above is the daily chart of
Canfin Homes. As we can see that the stock has given multiple breakouts in today's trading session. The stock has given a breakout of a trend line marked as '2'. I t has also given multiple breakouts in a 60 minute time frame. The stock has been trading in a channel marked by '1' and '4' respectively. Recently, the stock took support from the lower band of the channel and has given a splendid up move heading towards the upper band of the channel. Therefore, we suggest to buy the stock only above 757.3 for targets of 770-775 and one should maintain a strict stop loss below 735.
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