CANFINHOME - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 2.3

Can Fin Homes (CANFINHOME) is currently showing weak technical momentum and bearish sentiment, making it a less favorable candidate for intraday trading today. Here's a full breakdown

📉 Technical & Momentum Overview

RSI (33.5): Near oversold territory, but not yet signaling a reversal.

MACD (-11.9): Bearish, confirming downward pressure.

Volume (2.05L vs Avg 3.79L): Significantly below average, indicating low trader interest.

Price vs DMA: Trading below both 50-DMA (775 ₹) and 200-DMA (753 ₹) — bearish zone.

📈 Intraday Strategy

If considering a fresh position

Optimal Buy Zone: Only if price stabilizes near 735–738 ₹ with a volume spike and RSI uptick.

Profit Targets

Target 1: 750 ₹ (minor resistance)

Target 2: 760 ₹ (near VWAP zone)

Stop-Loss: 728 ₹ (below recent support)

If already holding intraday

Exit on Weakness: If price breaks 730 ₹ with rising volume and MACD divergence.

Exit on Strength: If price nears 755–760 ₹ but RSI fails to cross 40 — indicating momentum exhaustion.

⚠️ Risk Factors

High Debt-to-Equity (6.92): Leverage adds financial risk.

Weak ROCE (9.34%): Low capital efficiency.

Bearish Indicators: RSI, MACD, and volume all suggest downside pressure.

Price Action: Forming lower lows with weak recovery attempts.

For a deeper look into short-term price targets and technical signals, you can check this intraday analysis or explore the TradingView chart for live updates.

Want to scan for stronger setups in the housing finance sector or explore swing trading opportunities? I’ve got a few promising candidates in mind.

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