HOMEFIRST Long Idea .......HOMEFIRST chart shows strength with volumes in last few weeks. Channel breakout will push price higher.
Stoploss and Targets are given in Chart.
Risk Management is important.
NOTE: It is Housing Finance company. Good ROE over the years. Not much affected with NPA's like Micro-Finance companies. Fundamentals good. Portfolio stock. It also needs lower Interest rates to drive growth in company.
Homefirstfinanace
HOME FIRST FINANCE - Swing Trade Analysis - 7th June #stocksHOME FIRST FINANCE (1D TF) - Swing Trade Analysis given on 7th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
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