CANFINHOME LOOKS GOODHere, on the weekly time frame, it looks like we have some continuation pattern in the chart in monthly time frame. At this stage, we have some good sellers who are holding way for buyers. Let's see what we have in the future..Longby ShubhamKatiyarPublished 112
MultiYear Pattern Breakout!Hello Traders, Sharing this weekly chart of Can fin Homes, there is a 6-year pattern breakout in the stocks, company is also consistently doing good in fundamentals, also currently trading below industry PE (Price to Earnings Ratio). SL price- 650 (I suggest an SL below 650 as there is no previous swing below, so an SL little below the breakout level will be considerable) Target-1200 Disclaimer- Please do your own analysis before entering into any trade. Best regards Happy Trading- Harshit. Longby TraderharshittPublished 1
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"Longby narayklnPublished 3
CanfinHome gave a breakout on weekly tf.it took resistance on a upward trendline in 2017, then again in 2021 and finally it gave a breakout in 2023. Now it is yet again retesting the breakout with a rangebound price action which has been broken as well. A GREAT BUY SIGNAL.Longby Avi_1405Published 1
CANFINHOME BREAKOUTPrice has reacted from entry zone and consolidating near d20ema...breakout expected soonLongby utinaikar11096Published 0
Canfin HomesExtreme consolidation about to end, since the previous selling was high hence closing above 770 levels will be first sign of strengthby ashishlahoti123Published 0
CANFINHOMES nearby the support CANFINHOMES nearby the support Major support @ 691 - 680.20 breaking theses levels will lead to 580, 561.25, 523. No Trade Zone marked as - 680 - 714Shortby MaideenPublished 2
Can Fin Homes Ltd Taken SupportAs Per technical Analysis and Volume Analysis NSE:CANFINHOME Looks like It had taken Support Near 712-715 level if its break 700-690 then we can see more down fall and it will test 650,630 Level. Currently looks like it will reverse From current Level and it will Test 780,800 Level. As Swing trading purpose we can Add this stock in Portfolio. Levels Buy Near 725-730, Stop Loss 710, Target 760,780,800 Option Trader Can also take Entry buy 750 CE Near 19-20, Sl 13, target 30,34,37 Before Taking Any Entry Do your Own Analysis. Only For Educational Purpose. Thanks and Regards Ajay Metha Longby PrachiMethaUpdated 111
Sell CANFINHOME Canfin Home seems week on the chart may touch the Target Line in coming days or week. Buying opportunities occur if the trendline is not broken. The fraud is conducted by its employees Vishal Saxena, Vivek Bhagat and Deepak Gupta as reported by the management to BSE. The fraud is not too big to affect the assets quality. It can be a buying opportunity if it did not break the trendline. It can be bought as near to trendline as possible and stoploss will be placed below the trendline.by Wealth_in_AbundancePublished 0
Can fin homes . Would the rally finally come to a halt?Interesting setup developed over last few sessions in Can fin homes. Negative Divergence seen on chart for PRice and RSI and also mild divergence in Price and MACd . At 825 rs this is technically a short candidate, but results today so need to observe how it pans out Shortby VigneshIyerUpdated 0
can fin expiry drama overCanfinhome looks over reacted for the news of course put writers gone for toss. it happens. Irrespective of the new, chart is saying go long. If one can take risk can buy cmp 745 target 900+Longby gocovidgoUpdated 4
CANFIN HOMEFollowing the discovery of employee dishonesty, Can Fin Homes fails. This deception caused it to drop over 18% from its recent high. I believe that if it builds up steadily and is given enough time, it will be able to provide a good return. Once it crosses the 777–780 range, I anticipate positive movement. Positionally, it might reach 800 or 850. I'm not a financial advisor. Before making an investment, please consult your advisor. It is solely for educational purposes.Longby KP_77Published 3
Canfin homes 851 Bearish Engulfing Candle @ TopCanfin homes 851.20 dated 25-7-2023 1. Bearish Engulfing Candle @ Top of chart. 2. Price Fall with Volume Sell below 845 target 825-815-800-790-765 SL 895 It is just a view, please trade at your own risk.Shortby SHEETAL_UDESHIUpdated 5
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.Shortby jatin_agarwalPublished 223
Canfinhome trend changeShort CANFINHOME breakdown of the trendline. Target 656 to 621. Support at the Fibonacci golden ratio 0.5 Target 656 Second Target at 0.618 level of 621.by Wealth_in_AbundancePublished 220
canfinhome - buy for a bounceBy from cmp to 767 sl close below 760 easy tg - 780 tg2 - 790 Disclaimer : This is my personal analysis for study purpose not intended for trading.Longby ShreeGanesh_1991Updated 2
Can fin 1100?Buy can fin home at 750 levels for the target of 1200 Breakout zone is retested. Longby gocovidgoPublished 0
Short Entry in CANFINHOMESAs per Volume analysis Looks Like CANFINHOME will give Small Negative Trend if its break 882-880 level. If canfinhomes breaks mention level then possibly it will test 870-865 level. Will wait for for entry to get execute. Only For Educational Purpose.Shortby PrachiMethaUpdated 2
Canfin Homes is at buying levels - holding trendline supportEntry - 750 SL - Close below 729 First target - 795, then can be trailed Longby SumitNagarUpdated 2
CANFINHOMES to take long entryLong Canfin above the BO as marked on the charts. High probability that the stock will bounce back again. Shortly levels 0f 775-800 can be seen. This is for your educational purpose only.Longby Tech_stock_traderUpdated 0
Bullish flag pattern breakout in CANFINHCANFIN HOMES Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern . ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 855+. ✅Can Go short in this stock by placing a stop loss below 772-.by TradZooPublished 3
CANFINHOME Price has given decisive breakout above its resistance around 700. In its history, price has at least tested the 161.8% FR level or the 261.8% FR level. So the up-move is likely to extend to at least 950, and 1400 on optimistic basis. Bullish view remains valid as long as prices stay above 660. Longby CourtroomInvestmentsPublished 0
weekly based - bearish eyeing for bearish side for next week plus july series reasons - weekly based bearish engulfing pattern daily based RSI divergence 1st tgt looking at 710-707 disclaimer - trade @ own risk Shortby sankhyainvestmentsUpdated 1