CANFINHOME – Technical & Fundamental Outlook
Date: July 16, 2025
CMP: ₹811.60
🔹 Technical Setup
In a strong uptrend since March 2025 (from ₹560 to ₹811+).
Clear ascending trendline support on daily chart.
Recently reversed from trendline and broke above 3-day highs – bullish continuation sign.
Trading above 50, 100 & 200 SMA – confirms trend strength.
MACD is above 0 and signal line; RSI bounced from 50 – positive momentum.
Pattern of higher highs and higher lows remains intact.
🔹 Fundamental Snapshot
Leading housing finance player backed by Canara Bank.
Low GNPA/NNPA; strong asset quality.
Healthy loan book growth and stable NIMs expected in FY26.
Attractive valuation vs peers; improving FII participation.
🧠 Analyst View
