CANFINHOME - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | CANFINHOME | Market Cap | 11,322 Cr. | Current Price | 851 ₹ | High / Low | 972 ₹ |
| Stock P/E | 11.6 | Book Value | 410 ₹ | Dividend Yield | 1.42 % | ROCE | 9.34 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 876 ₹ | DMA 200 | 844 ₹ |
| Chg in FII Hold | 0.72 % | Chg in DII Hold | 0.82 % | PAT Qtr | 265 Cr. | PAT Prev Qtr | 251 Cr. |
| RSI | 45.4 | MACD | -16.6 | Volume | 5,05,575 | Avg Vol 1Wk | 2,57,369 |
| Low price | 615 ₹ | High price | 972 ₹ | PEG Ratio | 0.53 | Debt to equity | 6.61 |
| 52w Index | 66.1 % | Qtr Profit Var | 24.8 % | EPS | 73.2 ₹ | Industry PE | 14.1 |
📈 Chart & Trend: CANFINHOME is trading at ₹851, below its 50 DMA (₹876) but slightly above its 200 DMA (₹844). This shows short-term weakness but long-term support remains intact.
📊 Momentum Indicators:
- RSI at 45.4 indicates neutral to mildly oversold conditions.
- MACD at -16.6 signals bearish crossover, suggesting short-term weakness.
- Bollinger Bands: Price near mid-band, no breakout yet.
- Volume: Current volume (5,05,575) is nearly double the 1-week average (2,57,369), showing strong participation.
🔑 Support & Resistance:
- Support zone: ₹830–₹845 (near 200 DMA)
- Resistance zone: ₹870–₹880 (near 50 DMA)
- Breakout resistance: ₹900–₹910
- Long-term support: ₹800
📌 Entry & Exit Zones:
- Entry: ₹835–₹845 (near support and 200 DMA)
- Exit: ₹880–₹900 (resistance zone)
- Stop-loss: ₹815
📉 Trend Status: Consolidating with mild bearish bias. Needs a breakout above ₹880 to confirm trend continuation.
Positive
- EPS of ₹73.2 with PEG ratio of 0.53 indicates undervaluation.
- ROE at 18.2% reflects strong shareholder returns.
- Quarterly PAT growth (265 Cr vs 251 Cr) shows improving profitability.
- FII and DII holdings increased, signaling institutional confidence.
Limitation
- High debt-to-equity ratio of 6.61 raises leverage concerns.
- ROCE at 9.34% is below industry benchmarks.
- Stock trading below 50 DMA indicates short-term weakness.
Company Negative News
- No major recent negative news reported, but debt levels remain a structural risk.
Company Positive News
- Strong quarterly profit growth and consistent dividend yield of 1.42%.
- Institutional investors increasing stake.
Industry
- Industry PE at 14.1 vs stock PE at 11.6 shows relative undervaluation.
- Housing finance sector supported by government initiatives and demand recovery.
Conclusion
⚡ CANFINHOME is consolidating with short-term weakness but long-term support intact. Entry near ₹835–₹845 offers margin of safety, with exit targets around ₹880–₹900. Strong fundamentals and institutional interest support medium-term growth, but high leverage remains a key risk.
Would you like me to extend this into a peer benchmarking overlay comparing CANFINHOME with LIC Housing, PNB Housing, and HDFC Ltd? That way you’ll see relative strength, valuation gaps, and sector rotation opportunities in one consolidated view.