Poonawala Fincorp - Double Bottom Pattern

4 505
Poonawala Fincorp is a NBFC and is making a double bottom pattern. This stock is heading to ATH again. Other factors:

1. Sign of bullish momentum:
- Double Bottom pattern
- Breakout of recent high
- 20 EMA ready to cross 200EMA

2. 5 year growth plan

- Assets worth $17billion
- Raising 10000 cr funding
- Increasing offices from 100 to 400
- Already expanded to education loan, personal loan and commercial vehicle loans

Post rate cut by RBI, NFC sector is ready to roar!!

Keep this stock in your radar!!

Keep following Cleaneasycharts as we provide Right Stocks at Right Time at Right Price.

Cheers!!
Note
We have captured ~15%..moving towards our target. Cheers!!
Note
30% return in 3 months!! Cheers!!!

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