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CAN FIN HOMES LTDCAN FIN HOMES LTDCAN FIN HOMES LTD

CAN FIN HOMES LTD

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CANFINHOME trade ideas

Can Fin Homes Ltd.( 35% upside potential) Sector : Finance | Industry : Finance - Housing WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY & WEEKLY demand zone with RSI bullish divergence and bollinger band lower band support. LTF say 1H mitigation in DTF demand zone with RSI oversold zone and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... counter trendline (845-850) on daily chart on HTF may react as a resistance once it broke it will b rocket... one can apply BUY ON DIPS strategy OR finally wait for extreme zone for better RR. price may face at resistance ( HTF supply zones are self explanatory ) so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:CANFINHOMELong
by RISINGSTONE
5
CANFINHOME Trading Above Fresh Demand ZoneCANFINHOME is currently trading at ₹814.55, slightly above its demand zone between ₹808.85 and ₹793.05, identified on 16th August 2024. This fresh zone has not yet been tested, suggesting potential buying interest if the price retraces to this range. Investors might consider monitoring for a pullback, which could provide a buying opportunity near this support zone. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:CANFINHOMELong
by rush12799
CANFINHOME - Cup and Handle breakout - DailyName - CANFINHOME Pattern - Cup and Handle breakout Timeframe - Daily Volume - Very Good Cmp - 931 Can test - 1048 SL - 905 Here’s a summary of Can Fin Homes Ltd’s Q1 FY25 results: Financial Highlights Net Profit: Can Fin Homes reported a net profit of INR 109 crore, up from INR 93.15 crore in the same quarter last year1. Total Income: The total income for the quarter was INR 450.84 crore1. Disbursements: Disbursements during the quarter rose to INR 894 crore, compared to INR 401 crore in the year-ago period. Operational Highlights Loan Book: The loan book reached INR 32,505 crore, reflecting an 18% YoY growth. Clientele Base: The clientele base stood at 2.46 lakh2. Segment Contribution: The salaried and professional segment constitutes 73% of the outstanding loan book. Asset Quality Gross NPA: The Gross Non-Performing Assets (NPA) ratio improved, indicating better asset quality. Can Fin Homes has shown robust growth in profitability and loan disbursements, driven by strong demand for housing loans and improved asset quality. Always welcome for any comments with your feedback or give it a like if you find it useful. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:CANFINHOMELong
by VCharts_TA
CANFINHOME - The Ascending Triangle PatternCan Fin Homes Ltd has recently exhibited a notable range-bound movement, forming an ascending triangle pattern that highlights its price consolidation phase. The stock oscillated between key price levels, with a significant high of 938 on July 1st and a low of 680 on June 4th, before peaking at 909.80 on July 25th. This range-bound behavior reflects a period of accumulation and steady buying pressure, as the price repeatedly tests the horizontal resistance while respecting the upward-sloping support line. This consolidation phase is crucial as it sets the stage for a potential breakout, indicating that the stock is gearing up for a significant directional move. The pattern suggests that investors are increasingly optimistic, with the price confined within these key levels, paving the way for future volatility and trading opportunities. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. Breakout Strategy: Entry Point: For an optimal entry, consider buying above 914 as an early signal or above 938 for a regular entry. This indicates a confirmed breakout from the ascending triangle pattern, signaling strong bullish momentum. Stop Loss: Place your stop loss just below the support level of 838. This precautionary measure helps safeguard against potential reversals or false breakouts. Target: Set your price target around 1196. This level is calculated by adding the vertical height of the triangle to the breakout point, reflecting the expected upward movement based on the pattern. Rationale: Entering at 914 or 938 allows you to capitalize on the upward potential following the breakout. With a stop loss at 838, you manage risk effectively. The target of 1196 aligns with the pattern’s projection, maximizing your profit potential. Pullback Strategy: Entry Point: Look for a buying opportunity during a pullback to the breakout level around 914 or the support level of 903.85. This approach leverages a temporary price retracement to secure a more advantageous entry. Stop Loss: Position the stop loss below the support level of 838 to mitigate risk in case the pullback evolves into a deeper correction. Target: Maintain the target at approximately 1196, consistent with the breakout strategy. Rationale: The pullback strategy offers a chance to enter at a better price while confirming the validity of the breakout. The stop loss below 838 provides protection against significant losses, and the target of 1196 remains aligned with the anticipated price movement. Breakdown Strategy: Entry Point: If the price drops below the key support level of 838, consider this a breakdown of the ascending triangle pattern. This shift indicates a bearish reversal and a potential shift in market sentiment. Stop Loss: Set the stop loss above the support level of 838 to prevent substantial losses if the breakdown proves to be a false signal. Target: For a breakdown scenario, the target will need to be adjusted based on new technical analysis of lower support levels. Immediate downside targets should be reevaluated as the situation unfolds. Rationale: The breakdown strategy addresses the possibility of a bearish reversal when the support level is breached. The stop loss above 838 helps limit potential losses, while the target will depend on further analysis of the emerging support levels. Conclusion : The ascending triangle pattern for Can Fin Homes Ltd indicates a bullish outlook with a potential price target of 1196 if the breakout is confirmed. The breakout strategy aims to capture the upward trend, while the pullback strategy provides an opportunity to enter during a retracement. Conversely, the breakdown strategy prepares for a potential bearish scenario if the support level is breached. Each strategy includes specific entry points, stop losses, and targets, offering a comprehensive approach to trading based on the pattern’s analysis. Disclaimer : The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Trading and investing in the stock market involve risk, and you should consult with a qualified financial advisor before making any investment decisions. The author and the publisher are not responsible for any losses or damages that may occur as a result of using the information provided in this article. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any investment decisions. *** Hint*** Use a buffer at entry to avoid false breakout
NSE:CANFINHOMELong
by ruelfernandes
Potential upmove | CANFINHOMECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics Retracement is done, hence its a great time to accumulate!!!! Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:CANFINHOMELong
by Yoyohoneysingh93
Amazing breakout on Weekly / Daily Timeframe - CANFINHOMECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:CANFINHOMELong
by Yoyohoneysingh93
CANFINHOMES ABCD- TGT 940-970Can Fin Homes Ltd. is another interesting chart with following 1. ABCD pattern under formation on weekly chart 2. Narrowing Bollinger Bands on weekly chart 3. Price traded and closed on Upper Bollinger Band on daily chart with huge volume. 4. Next Minor resistance 845-850 zone which is box number also once closed above it, it will form breakout of long consolidation in a box. 5. Box size almost 125 points between 720 - 845 zone Breakout of box can yield minimum 940 - 970 zone Can be a good buy on dips and dips only as per one's own risk reward matrix. Lets see How it evolves. Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:CANFINHOME
by rajivrajeev
CANFINHOME - Bullish Consolidation BreakoutNSE: CANFINHOME is closing with a bullish consolidation breakout 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 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:CANFINHOMELong
by BrahmaBull31