Positional Long opportunity in Poonawala Fincorp

1. Current price is near the support of long-term Trend channel and Momentum is picking up as per MACD.
2. Price had a breakout from Short-term downward Trend line with Volume spike giving further conformation.
3. If Price respects the Trend channel, Price move up to Upper line of the channel with target of 370 and stop loss of 210.