Can Fin Homes ready for the uptrend!๐คฉ๐ธ๐ฅ
Buy Can Fin Homes for Positional Trading as well as Investment.๐ธ๐ฅ๐ธ
Comment your viewsโผ๏ธ๐
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๐กAbout Company:
Can Fin Homes Ltd. is a public deposit-taking housing finance company promoted by Canara Bank. It focuses on funding to low & middle group individuals & first-time homebuyers preferably salaried or professional. However, since 2014 it is also increasing exposure to self-employed professionals & non-professionals.
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๐กProduct Mix
The company has 3 major segments: Housing finance, Non-housing Finance & Deposits. The average ticket size is 18 lacs for housing loans & 9 lacs for non-housing loans. It also accepts - Fixed & Cumulative deposits as per the rules of the National Housing Bank.
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โ๏ธ Technically & Fundamentally Strong๐ช๐ช
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โผ๏ธ The stock is taking support on a Multi-Year imp zone. Now with the completion of the retracement which is evident by the Higher high formation and Volume Continuation, we can expect a strong uptrend from current levels.
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๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share ๐๐๐
Comment your viewsโผ๏ธ๐
.
๐กAbout Company:
Can Fin Homes Ltd. is a public deposit-taking housing finance company promoted by Canara Bank. It focuses on funding to low & middle group individuals & first-time homebuyers preferably salaried or professional. However, since 2014 it is also increasing exposure to self-employed professionals & non-professionals.
.
๐กProduct Mix
The company has 3 major segments: Housing finance, Non-housing Finance & Deposits. The average ticket size is 18 lacs for housing loans & 9 lacs for non-housing loans. It also accepts - Fixed & Cumulative deposits as per the rules of the National Housing Bank.
.
โ๏ธ Technically & Fundamentally Strong๐ช๐ช
.
โผ๏ธ The stock is taking support on a Multi-Year imp zone. Now with the completion of the retracement which is evident by the Higher high formation and Volume Continuation, we can expect a strong uptrend from current levels.
.
๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐
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