CAN FIN HOMES LTD Bullish Gartley

Analysis Details
Instrument: CAN FIN HOMES LTD (NSE)

Timeframe: 1 Hour (1H)

Pattern: Bullish Harmonic Pattern

XA Leg: The initial upward movement defining the trend.
AB Leg: Retracement to 0.357 Fibonacci level.
BC Leg: A minor upward correction reaching 0.884 Fibonacci.
CD Leg: Completion at the 2.674 Fibonacci extension, forming the potential reversal zone (PRZ).
Key Zones:

Potential Reversal Zone (PRZ): Around ₹721 - ₹723.
Target 1: ₹741.80 (highlighted in green with an arrow).
Trade Setup:

Entry: Near the PRZ (₹721 - ₹723), where the harmonic pattern completes.
Stop-Loss: Below ₹716.70 (the recent low).
Target: ₹741.80 (indicated as the first target level).
Indicators:

Fibonacci retracement and extension levels are used to confirm harmonic ratios.
Market is in a corrective phase, making this a probable reversal zone for bullish traders.
Caution:

Ensure confirmation signals (e.g., bullish candles, RSI divergence, or volume spike) before entering the trade.