Buy Can Fin Homes Ltd For Target Rs.900 - Religare Broking Ltd
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Can Fin Homes Ltd. (CANFINHOME)
* We’re seeing a mixed trend within the financials space wherein stocks from the housing finance basket are showing strength.
* Among the performers, Canfinhomes has set the ground for the resumption of the uptrend, after spending 5 months in a narrow range i.e. 730-795 zone.
* Technically, it has formed a strong base around the support zone of the neckline area of the previous consolidation range. And, the recent price action combined with an uptick in volumes is pointing towards a steady upmove. We thus recommend creating fresh longs in the mentioned range.
BUY - Can Fin Homes Ltd Range: 778-780 CMP: 778 SL: 730 TARGET: 900 TIMEFRAME: 3-4 MONTHS
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SEBI Registration number is INZ000174330
