After completing the third wave advance up to ₹817 and a corrective Wave (4) near ₹708, Can Fin Homes has broken past the prior swing high with a clean volume expansion.
Wave Structure
Momentum Check
The volume spike adds conviction to the breakout, signaling genuine demand rather than a one-day pop.
Targets
Fibonacci projection 1.618 ≈ ₹932 marks the next logical resistance zone.
Invalidation
A sustained drop back below ₹817 would question the breakout and delay the fifth-wave progression.
Strategy
Stay bullish, but don’t chase — let price retest the breakout zone before fresh entries.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Wave Structure
- Impulse sequence from ₹615 (Wave 2) to ₹817 (Wave 3), followed by a deep yet proportional Wave 4.
- The current move looks like Wave (5) unfolding with minor waves 1-2-3 already visible.
- Price has cleared the swing barrier at ₹826 — watch for a healthy retest near ₹826–₹830 before Wave 4 of (5) and a final push higher.
Momentum Check
The volume spike adds conviction to the breakout, signaling genuine demand rather than a one-day pop.
Targets
Fibonacci projection 1.618 ≈ ₹932 marks the next logical resistance zone.
Invalidation
A sustained drop back below ₹817 would question the breakout and delay the fifth-wave progression.
Strategy
Stay bullish, but don’t chase — let price retest the breakout zone before fresh entries.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.