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Canfinhomes

NBFCCanfin Homes There are only handful of Non Banking Finance Companies with good market capitalization looking good. By rejecting few companies whose negative change in promoter holding in recent quarter and those with high valuations leaves out CANFIN homes which recently had healthy correction and took support of 50% Fib retracement and showing reversal. Trend has been changed since Sep 1. Valuations of this company is reasonably good in the industry and has good earnings yield as well. Concerns: 1. High Debt to equity ratio 2. Low Interest Coverage Ratio considering high debt in the industry 3. Promoter holding has always been at 29.99% 4. Solvency Altman Z score is in grey area of 1.02. Z Score above 2.99 is stable. 5. Need to check what other borrowings are. Rising significantly since 2021. There is one other housing finance company whose fundamentals are very good with very low debt but high valuations among the industry and is still in downtrend technically. "Aptus Value Housing Finance India Ltd"
NSE:CANFINHOMELong
by naraykln
Fraud Alert in Can Fin Homes‼️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.
NSE:CANFINHOMEShort
by jatin_agarwal
2
Continuation Diamond and Flag Pattern formation On Daily Chart two patterns has been noticed recently in CANFIN HOMES: Continuation Diamond (Bullish) and Flag (Bullish) Continuation Diamond (Bullish) - explanation The script canfinhome previously experienced a period of consolidation where the price moved within a specific range. However, the price has now broken out of this range in an upward direction, indicating that the previous uptrend is likely to continue. This breakout occurred after a pattern of higher highs and lower lows, followed by a narrowing of the trading range. This pattern is known as a broadening formation or a diamond pattern, and its upward breakout confirms the continuation of the previous uptrend. Flag (Bullish) - explanation The script canfinhome has recently experienced a strong upward movement, and although there was a temporary pause, the price is now continuing its upward trend at a rapid pace. This pause is often seen in a bullish Flag pattern, which is a pattern that occurs during a strong market rally. This pattern is characterized by two parallel trend lines that typically slope downward in the opposite direction to the prevailing uptrend. The bullish Flag pattern is confirmed when the price breaks through the upper boundary of these trend lines, indicating that the upward movement is likely to continue. Conclusion: downtrend looks minimal before reaching resistance. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CANFINHOME
by hardeepssethi
CANFIN HOMES ANALYSIS!!! will the bull run start from here??Bearish flag pattern is formed in CANFINHOME on daily time frame there is support level of 540 in the stock from it can retest and bounce back You can also see from the chart there is a support of 200 ema.. it is likely to take support of 540 and bounce back If not it may break the flag pattern and move downwards below 530 one can initiate their positions based on the pattern BUY this script if it retest at 540 and SELL if it goes below 540
NSE:CANFINHOMELong
by vaibhavus
Canfin Homes looks solidCHART -> Canfin Homes DAILY SETUP As seen per charts, there are few things to note: 1. Jubilant Ingrevia was trading under a trendline and in the downtrend. Recently it broke the trendline, telling the downtrend may be over. 2. From last few days it has started trading in a small upmove channel. 3. Today it has given a close above 200 DMA, and that now can act as a support and the stock can start upward journey. 4. RSI was also lying below a bearish trendline for quite some days, RSI is also now above the trendline. Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
NSE:CANFINHOMELong
by kathanthakkar403
CANFIN HOMES Weekly Trade Opportunity; Parallel Channel setupCan Fin Homes is building a beautiful parallel channel . This channel begins from Fall of 2020, and builds up till date. The stock has given respect to both bands of this channel and continues its journey. Currently the stock is trading near its all time highs of 2017, which it did broke a few weeks back, but faced a strong resistance and retraced. This week can help the stock with its momentum and help it close above this resistance zone . Personally Bullish on this stock. ** I am not a SEBI Registered Advisor. Kindly consult your advisor before taking trade.** Trading Tip: Construct a bullish pennant on 15min chart, it is clearly visible. You can observe that there is a breakout in this TF accompanied with strong volumes. It surely builds a great short term opportunity for the stock! Do LIKE, COMMENT and SHARE if you like this analysis. Thanks.
NSE:CANFINHOMELong
by ParyataK