CANFINHOME - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of CANFINHOME (Can Fin Homes Ltd)

📊 Trend Overview

Status: Trending upward with mild momentum

Structure: Price is trading above both 50-DMA and 200-DMA, indicating a bullish bias.

52-week Index: 59.2% — moderate performance, recovering from lows but still below peak.

📈 Moving Averages

DMA 50: ₹760

DMA 200: ₹753

Current Price: ₹776

✅ Price is above both moving averages, confirming bullish momentum. These levels now act as support.

📉 Momentum Indicators

RSI (14-day): 57.9 — Bullish zone, with room to rise before overbought territory.

MACD: +1.82 — Bullish crossover, indicating upward momentum.

Volume: 56,685 vs 1-week avg of 1.65 lakh — Below average, suggesting weak participation and limited conviction.

📊 Bollinger Bands

Price is near the middle band, indicating low volatility. A breakout above ₹780–₹790 with volume could trigger momentum.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 760 50-DMA, immediate support

Support 2 735 Previous swing low

Resistance 1 790 Minor resistance zone

Resistance 2 825 Pre-breakdown consolidation peak

Resistance 3 875–925 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹760–₹770 range on pullback with volume confirmation.

Exit Zone: ₹800–₹825 for short-term traders; ₹875+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD is bullish, RSI is strong, and price is above key averages — suggesting continued momentum.

Volume weakness may limit upside unless participation improves.

Stable earnings and low PEG ratio support technical strength despite high debt-to-equity.

🧭 Summary

Trend: Bullish and trending

Momentum: Mild; MACD and RSI support upside, volume needs confirmation

Technical Rating: 3.9 — Constructive setup with breakout potential above ₹790

Would you like a comparison with peers like LIC Housing Finance or PNB Housing to assess sector rotation and valuation strength?

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