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DEEPAK PAL

16th Feb · SEBI-Registered Analyst

"CANFINHOME: होम लोन की अटल धारा, समृद्धि का मजबूत आधार—आवास का भरोसेमंद साथी!"

Technical Analysis:

CANFINHOME
Can Fin Homes (CANFINHOME) exhibits strong bullish momentum with consecutive 2-day gains of +2.35% reaching ₹928 (recent high ₹955), testing 52W high ₹970 from lows ₹558, driven by MarketsMojo upgrade to Buy (score 75/100) and technical shift from sideways to bullish, trading comfortably above 50DMA ₹889 and 200DMA ₹822 with elevated volume confirming accumulation. RSI recovery to neutral-bullish zone, narrowing MACD Sell histogram signaling potential crossover, pivot support ₹777 firm (S1 ₹752/S3 ₹728), resistance R1 ₹988-R3 ₹1,009; STOCH overbought but ADX strengthening uptrend—rally continuation likely above ₹955 toward ₹1,000+ if Q3 PAT momentum sustains, limited reversal risk unless breaks ₹822 long-term MA. Long-term positions highly viable given NIM expansion and housing finance tailwinds, accumulate on dips to ₹900-910 zone.
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2-Day Bullishness Reasons/Rally Continuation: Recent +4.2% weekly gains post-Q3 beat (PAT +25%, NIM expansion), technical upgrade, housing sector momentum (RBI rate stability), FII buying in HFCs; rally continues above ₹955 (52W high breakout) targeting ₹1,050-1,100, reversal possible only on breakdown below ₹822 200DMA or overbought exhaustion (RSI >75 sustained).
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Recent News Events & Impact: Q3 Results (Jan 18, 2026): PAT +24.8% beat estimates, shares +5% post-announcement—strong positive momentum. NCD Interest Record Date (Feb 11): Routine corporate action, neutral impact. Board Meet Updates: Loan book expansion focus, positive sentiment. Overall: Bullish catalyst reinforcement.
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Negative Points: High borrowings (D/E 6.55 still elevated vs peers), rate sensitivity if RBI hikes. Short-term overbought STOCH risk, cyclical housing exposure. Earnings volatility if NIM compresses on deposit costs.
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Daily Chart Analysis of CANFINHOME on 16022026.pdf
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