HOMEFIRST
HOMEFIRST - Bullish Consolidation with VolumesNSE: HOMEFIRST is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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HOMEFIRSTNote:
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HOMEFIRST - Positive momentumHOMEFIRST : NSE:HOMEFIRST
After consolidation - looks like again resuming the upside journey.
Yesterday's volume is the highest in the past 3 months.
The trend changed to +ve.
Close crossed and closed above Monthly High.
Price is out of Squeeze.
Close is above SMA 20 on Daily / Weekly and Monthly time frames.
Daily 13 crossed D 55 SMA
Weekly 13 crossed W 55 SMA
In terms of RSI Daily is at 70.8 > Weekly 53.4 and Monthly at 60.6
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HOMEFIRST - Ichimoku Bullish Breakout Stock Name - Home First Finance Company India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 804
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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HOMEFIRST - Ichimoku Bullish Breakout Stock Name - Home First Finance Company India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 945
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Home First LongChart -> Home First Daily
Symmetrical triangle breakout in Home First can lead it to the next levels.
CMP: 817
Good to buy around: 790
Targets: 840, 920
SL: 770
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
HOMEFIRST - Possible Breakout CandidateThe stock has attempted to cross the 630 levels quite a few times but has not been able to do so.
Given the setup, it looks likely to cross the resistance zone if it crosses and sustains the 630 levels.
Keep the stop loss basis your risk profile, and use fibonacci retracement levels indicated in the chart.
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