Hello experts, here are my observations on Canfin's tech chart.
I have taken Nov-2017 low for Fibonacci retracements. Today it bounced from levels of 38% retracement from highs made couple of months back. And same level forms a support line as well.
Though MACD doesnt look in favour however RSI seems to have gone to oversold zone.
With split date announced ( 13th Oct) and fundamentally strong stock, I feel it has good chances of bounce back from current level.
Please provide your expert analysis incase I am mis interpreting something.
Disc : Invested in Canfin. At a beginner level in Tech Analysis.