HOMEFIRST : Capitalizing on Demand Rejection for Long-term GainsHome First Finance Ltd.
Current Price: ₹1,058.55
Chart Observations:
The stock shows a corrective pattern marked as (A-B-C). The final wave C has hit a deep retracement zone (₹925–₹868) , which corresponds to 113%–127% Fibonacci levels.
A Wave C completion zone aligns with a strong demand area. This creates a second buy zone , with the stock expected to reverse upward toward its higher Fibonacci targets.
Break of a minor swing high structure around ₹1,100 confirms the bullish trajectory.
Buying Levels:
First buy zone: ₹1,030–₹1,060 (current price levels).
Second buy zone: ₹925–₹868 (Wave C retracement zone).
Stop Loss:
For Zone 1 Entry: ₹869.
For Zone 2 Entry: ₹820 (safe placement below retracement zone).
Target:
First Target: ₹1,318
Second Target: ₹1,492
Pro Tip to Avoid SL Hunting: Wait for rejection wicks or a bullish engulfing pattern within the demand zone for higher probability entries.
Disclaimer: This analysis is for educational purposes only . Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
HOMEFIRST trade ideas
HOME FIRST - Best case!The chart is self-explanatory as always :)
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SWING IDEA - HOMEFIRST FINANCE COHome First Finance Company (HFFC) , a leading player in the housing finance sector, is flashing signals of a potential swing trade opportunity.
Reasons are listed below :
The stock has repeatedly tested the 860-880 range, breaking through it recently. It's now revisiting this range, suggesting a potential support-turned-resistance dynamic, a classic setup for swing trading.
On the daily timeframe, a bullish engulfing candle has formed, indicating a strong shift towards bullish sentiment. This pattern often signals a potential reversal or continuation of an upward trend.
The 200-day Exponential Moving Average (EMA) is acting as a support level on the daily chart, further bolstering the case for a bullish bias.
The stock is finding support around the 0.5 Fibonacci retracement level, adding another layer of technical support to the bullish thesis.
Home First Finance has been establishing a pattern of constant higher highs, indicating sustained upward momentum and a potential continuation of the current uptrend.
Target - 960 // 1060
StopLoss - daily close below 860
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@visionary.growth.insights
Multiple Confluences, Should Think about This. Confluence is the combination of multiple strategies and ideas into one complete strategy. Confluence occurs when two or more separate ideas or strategies are used together to form a comprehensive investment strategy that is in line with an investor's risk profile and goals.
Confluence 1- It Looks Double Bottom in Support Zone.
Confluence 2- Candlestick Confirmation
Tweezer Bottom-A tweezer is a technical analysis pattern, commonly involving two candlesticks, that can signify either a market top or bottom. Tweezer bottoms are considered to be short-term bullish reversal patterns,
So stop is very less and Trade is looking Pretty good.
which should be below 580 WCB.
All the best.
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💥HomeFirstFinance💥-Nice Breakout💥HomeFirstFinance💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -945-955
Breakout Price -943
Stoploss-802
Targets-1185-1621
RT for max reach
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HOMEFIRST Positional Upside IdeaNSE:HOMEFIRST is trading and sustained above major resistance of 700. My idea is to take entry at the level of 710 with stop loss of 690.
My upside target will be 734 & 765, This could be low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks.
HOMEFIRST - BULLISH HARMONIC PATTERN - HOURLYBullish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas
Home First Fin Co Ind Ltd - Medium to long term investment buyOn Analyzing the weekly chart of Home First Fin Ind Ltd, we noticed a symmetrical triangle formation in the weekly chart. Smart recoveries can be seen in this stock and can reach its all time high in short term. Given the stock chart structure is very good anyone looking for an investment for 6 months and above can add this stock in his portfolio
if
Stock closes above 778 tomorrow (27-05-2022)
**Ideas are my own** Invest as per your risk-taking ability***
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HOMEFIRST INTRADAY !!! for 18.08.2021SYMMETRICAL TRIANGLE FORMED ON 30 MIN CHART!!
IF gave breakout down side can give you a good short side!!
if breaks up side then can make a good intraday profit !!
200 EMA giving a good support at breaking side can retrace back and move down !!
target 2-3%
stop loss opening candle high!!
(only for study purpose do not take it as any buy or sell call)
HOME FIRST FIN CO IND LTD 1HRHOME FIRST FIN CO IND LTD gave a good listing gains then it corrected 30% giving a downside moment in a trendline after the breakout it gave upside of 14% and came again for retest then upside moment of 10% then it started consolidating in cup and handle pattern currently it is ready to give a breakout upside when the handle of the cup breaks with a good volume and can go long. Buy after green line and sell at red lines. Better for upside.
Time frame 15,30min.