Home First Finance: Riding the Uptrend Channel Towards New Highs

✅ Home First Finance is respecting a clear ascending channel on the weekly chart, moving steadily with higher highs and higher lows since 2021. This indicates a strong, sustainable uptrend.

✅ The price is currently near the upper trendline resistance around 1350–1400. A breakout above this channel top could trigger a fresh rally towards 1600–1700 in the medium term.

✅ RSI is above 60 and still pointing upwards, showing good momentum while staying below overbought levels — a positive sign for further upside.

✅ Recent price action shows strong bullish candles with increased volumes, reflecting buying interest as the stock heads towards the channel resistance.

Outlook: A weekly close above the upper trendline with healthy volume will confirm the breakout from the channel. The affordable housing finance sector remains robust, supported by low-cost home loan demand and stable interest rate outlook, boosting confidence in Home First’s growth trajectory.