‼️From 20% PROFITS to only 5% profits in just 2 DAYS🔻
This is what happened....
The Curious Case of Can Fin Homes 🧐
So Can Fin Homes broke out of a monthly consolidation sometime back and that was the time I picked the stock up. It was performing well, delivering 20% + Returns 🤑 in just a few weeks. Numbers announced for the quarter were very strong as well ✅
But the news of a fraud of 38 crores ends up hammering the stock like it is a fraud worth 380 crores with more to follow 🫨
The chart breaks crucial levels and market signals to something even more mischievous. At this time we are still observing, having exited the position on a much smaller return than what we could see in the position just 2 days back 😱
What will happen will be seen soon. But one thing I have learnt is that never break your discipline. Stop Loss is essential for Risk Management❗️
Do not enter until the issue is resolved here.
This is what happened....
The Curious Case of Can Fin Homes 🧐
So Can Fin Homes broke out of a monthly consolidation sometime back and that was the time I picked the stock up. It was performing well, delivering 20% + Returns 🤑 in just a few weeks. Numbers announced for the quarter were very strong as well ✅
But the news of a fraud of 38 crores ends up hammering the stock like it is a fraud worth 380 crores with more to follow 🫨
The chart breaks crucial levels and market signals to something even more mischievous. At this time we are still observing, having exited the position on a much smaller return than what we could see in the position just 2 days back 😱
What will happen will be seen soon. But one thing I have learnt is that never break your discipline. Stop Loss is essential for Risk Management❗️
Do not enter until the issue is resolved here.
Jatin Agarwal
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)