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tradewithamey_

Breakout in Poonawala after 2 years!

Long
POONAWALLA FINCORP LTD (NSE:POONAWALLA)  
tradewithamey_ Updated   
NSE:POONAWALLA   POONAWALLA FINCORP LTD
Support and Resistance Trend Lines Triangle POONAWALLA Ascending Triangle trianglebreak alltimehigh bullishmomentum
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supportandresistance trendline triangle poonawalla ascendingtriangle trianglebreak alltimehigh bullishmomentum
The stock of Poonawala fincorp has been consolidating in an ascending triangle pattern since end of 2021.
Currently, the stock is trading above its previous all time high of around 343.8
Buying at the top is always risky so keep this stock in watchlist and enter at a retest of 320 levels or as per your own risk reward.

Idea is shared for educational purposes.
Comment:
450+ seen in this stock.
More than 100 points rally after breakout.
Comment:
stock has retested and bounced from breakout level.
Good signs for a bull run
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