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Technicals for Home First Finance Company India Limited
By MusingTheNews
2025-04-25 20:37
Overall Technical outlook
Price Summary
In today's trading session, HOMEFIRST's shares slid by -2.87%, marking a lacklustre day. On 2025-04-25, Home First Finance Company India Limited's stock started at 1271.0, soared to 1278.7, dropped to 1211.1, and finished the day -2.87% down at 1234.5, with a trading volume of 715766 shares. In the past year, the highest stock price was 1340.75, and the lowest was 791.1. HOMEFIRST's future price is expected to lie between 841.0 and 1482.0, with an average expectation of 1248.9375, as per the recommendations of 16 analysts.
Technicals
Support and Resistance: The current price of 1234.5 is supported at 1210.65, with resistance at 1301.1. This suggests that the price for HOMEFIRST might remain between these levels, where 1210.65 acts as a floor and 1301.1 as a ceiling in the market. Support/Resistance for HOMEFIRST
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Home First Finance Company India Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Bolinger Bands chart for Home First Finance Company India Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Home First Finance Company India Limited
Stochastic: The K-line has dropped below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move may be beginning. This pattern indicates that the market's upward momentum is weakening, potentially leading to a reversal. Investors should stay alert for additional signs of a downturn. Stochastic chart for Home First Finance Company India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish pattern, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that the bearish momentum may be weakening. This could be an early sign of a potential bullish reversal for HOMEFIRST, as the market's downward trajectory begins to lose strength and a possible shift towards more positive price action may occur soon. Tripple SMA chart for Home First Finance Company India Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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