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Poonawalaanalysis

Weekly Bullish Flag Breakout in Poonawalla FincorpHi, It has given a clear Bullish Flag & Pole breakout on weekly charts with very good volume. MACD is also on the bullish side on daily and monthly time frames and can confirm the positive crossover on weekly time frame once the price closed above 485. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market senario I am expecting that the bullish momentum will continue. Complete price projection mentioned on the charts for educational purpose. Please share your feedback or any queries on the study. Disclaimer: This idea is for Edcational purpose. Please consult your financial advisior beforre making any investment decision.
NSE:POONAWALLALong
by raigvivek
POONAWALLA Analysis & PredictionThis is the analysis of POONAWALLA in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About POONAWALLA: Poonawalla Fincorp Ltd. is a non-banking finance company, which engages in the provision of asset, consumer, and MSME financing through its pan India branch network. It operates through the India and Outside India geographical segments. The company was founded by Mayank Poddar and Sanjay Chamria on December 18, 1978 and is headquartered in Pune, India.
NSE:POONAWALLALong
by suraranjanganguli
Finance leader - Poonawala fincorp techno-fundamental analysisPoonawala Fincorp - Finance sector Trade idea - Swing trade/short term momentum capturing - Entry - 400 on retest - Stoploss - 390 (-2.64%) - Position sizing - 20% of the capital - Target - 519.55 (30% of the breakout) Catalyst behind - Finance sector as a whole have come out with great results. - Reserve bank of India with their new policy for banks have created a major impact on finance sector also. - Quarterly diluted EPS - 410% up from previous years same quarter (we usually take diluted eps for concentrated analysis and the reason we compare from previous years quarter - because to hinder one time extraordinary earnings on sale of real estate or machinery) - Annual diluted EPS - 720% up from past 3 years (2020 2021 2022) superb earnings - Return on equity - 19.9% (considered great as its above average of 17%) - Total revenue - 16% up from previous years same quarter (record high earnings at 7440 Cr) Technical analysis - RSI weekly - crossing 60 - Price is above all trend moving averages - 20dma and 50dma it also took 200dma support - Bollinger band - Squeeze open (volatility contraction) - It had a shakeout before breakout which gives the confirmation that big institutions are behind this upsurge move. You can add on to positions when monthly breakout point above 425 crosses. Happy trading
NSE:POONAWALLALong
by Refex_capital