CANFINHOME - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | CANFINHOME | Market Cap | 11,058 Cr. | Current Price | 830 ₹ | High / Low | 972 ₹ |
| Stock P/E | 10.2 | Book Value | 449 ₹ | Dividend Yield | 1.44 % | ROCE | 9.17 % |
| ROE | 19.7 % | Face Value | 2.00 ₹ | DMA 50 | 858 ₹ | DMA 200 | 847 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | -0.09 % | PAT Qtr | 346 Cr. | PAT Prev Qtr | 265 Cr. |
| RSI | 42.8 | MACD | -7.36 | Volume | 1,07,773 | Avg Vol 1Wk | 1,97,247 |
| Low price | 709 ₹ | High price | 972 ₹ | PEG Ratio | 0.50 | Debt to equity | 6.40 |
| 52w Index | 46.2 % | Qtr Profit Var | 47.8 % | EPS | 81.5 ₹ | Industry PE | 15.3 |
📊 Chart Patterns & Trend: CANFINHOME is consolidating after a decline from its 972 ₹ high. Current price (830 ₹) is near support at 820–830 ₹, with resistance at 860–880 ₹. Trendlines suggest sideways consolidation with mild bearish undertone.
📈 Moving Averages: Price is below the 50 DMA (858 ₹) and slightly below the 200 DMA (847 ₹). This indicates short-term weakness but long-term support around 820–830 ₹.
📉 RSI: At 42.8, RSI is weak but not oversold, showing limited buying strength.
📉 MACD: Negative (-7.36), confirming bearish short-term momentum.
📊 Bollinger Bands: Price is near the lower band, suggesting support but limited upside until momentum improves.
📊 Volume Trends: Current volume (1,07,773) is below the 1-week average (1,97,247), showing weak participation and lack of breakout strength.
💡 Momentum Signals: Short-term bearish bias with consolidation. A breakout above 860 ₹ could trigger momentum, while breakdown below 820 ₹ risks further decline.
🎯 Entry Zone: 810–830 ₹ (support region).
🎯 Exit Zone: 860–880 ₹ (resistance region).
📌 Status: Consolidating with bearish bias.
Positive
✔ Strong EPS (81.5 ₹) and quarterly profit growth.
✔ FII holdings increased (+0.13%), showing institutional confidence.
✔ Valuation attractive with P/E (10.2) below industry PE (15.3).
Limitation
⚠ High debt-to-equity ratio (6.40).
⚠ Weak short-term momentum (negative MACD, low RSI).
⚠ Below average trading volume reduces breakout potential.
Company Negative News
⚠ No major negative news reported, but sector demand remains sluggish due to interest rate pressures.
Company Positive News
✔ PAT growth (346 Cr. vs 265 Cr.) indicates strong earnings momentum.
✔ Dividend yield at 1.44% adds investor appeal.
Industry
🏦 Housing finance sector benefits from government housing initiatives.
📉 Rising interest rates may dampen loan demand in the near term.
Conclusion
📌 CANFINHOME is consolidating near support with weak short-term momentum. Entry around 810–830 ₹ offers value, but upside capped near 860–880 ₹ unless volume and momentum improve. Suitable for cautious swing trades; long-term investors may accumulate gradually.
If you’d like, I can extend this into a swing trade setup with momentum overlays, or refine it into intraday trading signals for sharper entry/exit timing.