In the previous session, the Nifty index consolidated with a negative bias. The Nifty index opened on a positive note but abolished all its gain in the early trade. Market remained in a sideways zone throughout the day. No major recovery was seen from lows throughout the session. Technically, the Nifty Index formed a Bearish candle on the chart and closed with a net loss of 45 points. A cautious approach is advisable for the next trading day.

Look at the below research report of ‘Stocks to Buy for Thursday, November 10, 2022’ before the market opens.

Can Fin Homes Ltd

CANFINHOME stock price is consolidating since few days near 528 levels. In today’s session stock retested the same level and is currently moving above the neckline. This zone has now become an important resistance for the stock. As per the daily chart, a long entry signal was triggered in the previous session. Stock formed a Bullish candle on the chart and closed with a net gain of 2.49%. The Relative Strength Index (RSI) on the daily chart is 55, indicating bullishness.

In short, one can initiate buy at current price and add more on dips around support levels near 528 levels. We can expect it to reach a target of 566/592 levels. This outlook is valid as long as we do not see any closing below 506 level.

Check More Analysis on CANFINHOME at: Can Fin Homes Ltd