HOMEFIRST - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | HOMEFIRST | Market Cap | 11,662 Cr. | Current Price | 1,116 ₹ | High / Low | 1,519 ₹ |
| Stock P/E | 21.6 | Book Value | 418 ₹ | Dividend Yield | 0.47 % | ROCE | 11.1 % |
| ROE | 15.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,100 ₹ | DMA 200 | 1,129 ₹ |
| Chg in FII Hold | 4.90 % | Chg in DII Hold | -0.09 % | PAT Qtr | 149 Cr. | PAT Prev Qtr | 140 Cr. |
| RSI | 53.2 | MACD | -6.49 | Volume | 1,85,413 | Avg Vol 1Wk | 2,38,843 |
| Low price | 894 ₹ | High price | 1,519 ₹ | PEG Ratio | 0.65 | Debt to equity | 2.43 |
| 52w Index | 35.6 % | Qtr Profit Var | 42.8 % | EPS | 51.8 ₹ | Industry PE | 15.3 |
📈 Chart Patterns: HOMEFIRST is trading near its support zone (₹1,100–₹1,116). The broader structure shows weakness with repeated failures to cross resistance at ₹1,129 (DMA 200), reflecting consolidation.
📊 Moving Averages: Current price (₹1,116) is slightly above DMA 50 (₹1,100) but below DMA 200 (₹1,129), indicating short-term stability but medium-term weakness.
📉 RSI: At 53.2, RSI is neutral, suggesting balanced momentum without strong bullish signals.
📉 MACD: Negative at -6.49, showing bearish crossover and weak momentum.
📉 Bollinger Bands: Price is near the mid-band, reflecting sideways consolidation.
📊 Volume Trends: Current volume (1.85L) is below average weekly volume (2.39L), showing reduced participation and lack of strong buying conviction.
⚡ Short-Term Momentum Signals: Neutral-to-bearish momentum; rebound possible only if price sustains above ₹1,129 with volume support.
🎯 Entry Zone: ₹1,080–₹1,100 (support region).
🎯 Exit Zone: ₹1,140–₹1,160 (resistance zone).
🔀 Trend Status: Consolidating with bearish undertone; reversal possible only if price sustains above ₹1,129.
Positive
- EPS at ₹51.8 supports earnings visibility.
- Quarterly PAT improved from ₹140 Cr. to ₹149 Cr. (+42.8% YoY growth).
- FII holdings increased (+4.90%), showing foreign investor confidence.
- PEG ratio at 0.65 indicates fair valuation relative to growth.
Limitation
- Price trading below DMA 200 signals weakness.
- Debt-to-equity ratio at 2.43 adds financial leverage risk.
- Dividend yield at 0.47% is modest.
- Volume participation weaker than average, limiting breakout potential.
Company Negative News
- DII holdings decreased (-0.09%), showing reduced domestic support.
- MACD negative, confirming weak momentum.
Company Positive News
- Quarterly profit growth boosts investor sentiment.
- FII stake increased significantly, supporting bullish outlook.
- Stock trading near support zone offers accumulation opportunity.
Industry
- Industry PE at 15.3 vs. HOMEFIRST PE at 21.6 shows premium valuation.
- Housing finance sector supported by rising demand for affordable housing and credit expansion.
Conclusion
HOMEFIRST is consolidating with bearish undertones. Short-term traders may consider entry around ₹1,080–₹1,100 with exit near ₹1,140–₹1,160. Long-term investors should monitor debt levels and sector demand before fresh accumulation.
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