HOMEFIRST - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of Home First Finance Company India Ltd (HOMEFIRST)

📊 Trend Overview

Current Phase: Consolidating with bullish undertones

Price Action: Trading right at the 50-DMA (₹1,280) and well above the 200-DMA (₹1,193), indicating long-term strength but short-term indecision.

Volume: Slightly below average, suggesting a pause in momentum and possible accumulation.

📈 Momentum Indicators

RSI (50.2): Neutral zone — neither overbought nor oversold, indicating consolidation.

MACD (1.00): Positive but flat — momentum is present but not accelerating.

Bollinger Bands: Price likely near the middle band, consistent with sideways movement and low volatility.

🧭 Chart Patterns

Cup & Handle Formation: A breakout was observed earlier, and the stock is now retesting the neckline around ₹1,280–₹1,300. If it holds and reverses, it confirms bullish continuation

1

.

Ascending Channel: Weekly chart shows higher highs and higher lows since 2021, indicating a long-term uptrend

1

.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,250 Minor pullback zone

Support 2 1,193 200-DMA, long-term support

Support 3 1,167 Handle base — critical support zone

1

Resistance 1 1,315 Neckline of Cup & Handle — breakout trigger

1

Resistance 2 1,385 Swing target post breakout

Major Resistance 1,519 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,250–₹1,280 (on dips with volume confirmation)

Short-Term Target: ₹1,385–₹1,519

Exit Zone / Stop-Loss: ₹1,167 (below handle support)

🔄 Short-Term Outlook

Momentum: Stabilizing with breakout potential

Bias: Bullish above ₹1,280; cautious below ₹1,167

Phase: Consolidating — poised for breakout if neckline holds

🧠 Key Takeaways

HOMEFIRST is forming a textbook Cup & Handle pattern, with the handle retest in progress.

RSI and MACD suggest consolidation, while moving averages and long-term trendlines support bullish continuation.

A close above ₹1,315 with volume could trigger a rally toward ₹1,385–₹1,519.

Sources

2

3

1

Would you like a chart visualization or screener of similar breakout setups?

1

in.tradingview.com

2

www.etmoney.com

3

trendlyne.com

Edit in a page