Home First - Cup & Handle Pattern- HFFC above 570 levels can be a good bet.
- RSI is at 32 on hourly chart which indicates that the stock is underbought at current levels.
- Stock is consolidating for around the past 45 days, it can give breakout.
HOMEFIRST trade ideas
watch for resistance breakoutbuy above 580 in intraday and swing
For swing keep stoploss below 540 and target 597, 640, 695
for Intraday-
For stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
HomeFirst Finance CompanyHome First Finance Company CMP : 570
SL : 549 on closing basis. Tgt 617/ open
Home First - CMP: 533It has given Rounding Bottom breakout on Daily Chart. We can expect price movement up to 585 in the near term
Looks like accumulation in HOMEFIRSTwith constant low volumes HOMEFIRST looks like getting accumulated near IPO price range. breakout above recent swing high on hourly could trigger rally in this counter for at least up to its listing day highs.
