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pradipandsuvra

Poonawala Fincorp: Triple Bottom formation

Long
POONAWALLA FINCORP LTD (NSE:POONAWALLA)  
pradipandsuvra  
NSE:POONAWALLA   POONAWALLA FINCORP LTD
Trend Analysis Double Top or Bottom Oscillators indianstocksanalysis triplebottom hollowcandles poonawalaanalysis
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trendanalysis doubletoporbottom oscillator indianstocksanalysis triplebottom hollowcandles poonawalaanalysis
POONAWALLA is near the supply area.

  • A triple bottom formation seen around 300 price level.
  • In Hollow Candlestick patten a hollow green candle formed after a down swing, indicates price to move up
  • Well support from volume
  • RSI is trending upwards.

Trade:
Buy: Above 305, SL: 300, T: 309/311/316
Sell: Below 300, SL: 304, T: 296/292
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