POONAWALLA - Ready for next swing?POONAWALLA is currently sitting at a support level it has often returned to. For the past three years, the stock has stayed within this channel. Right now, it seems like there’s a good balance between risk and potential reward if you were to invest. The company itself is performing well based on its financials and seems like a promising option.
However, this is just a personal opinion. It's important to do your own research before making any investment decisions. This is not a suggestion to buy or sell the stock.
POONAWALLA
Technical Analysis for Poonawalla Fincorp:
Current Market Price (CMP): ₹387
Trade Type: Swing trade for 6-12 months
Stop Loss (SL): ₹330 for risk management
Targets:
Target 1: ₹500
Target 2: ₹600
Monitor the trade regularly and adjust the stop loss as the trade progresses. Evaluate price action for potential target achievements.
#PoonawallaFincorp #TechnicalAnalysis #SwingTrade #StockMarket #TradingStrategy #RiskRewardRatio
POONAWALLA reversed from a strong demand zoneApprox. 340-355 is a strong demand zone and from there the price took a reversal. Also MACD has given a positive crossover.
T1- 450, T2- 500 and T3- 568. Sl- 340 and trail as price goes up.
Safe traders can book profit on hitting T1 or T2 as per your risk appetite. Risk takers can go till T3 at max.
Note:- This is only for educational purpose and not a recommendation.
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.
Breakout in Poonawala after 2 years!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.
POONAWALLA - Ichimoku Bullish Breakout Stock Name - Poonawalla Fincorp Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 315
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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POONAWALLA - Ichimoku Bullish Breakout Stock Name - Poonawalla Fincorp Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 316
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
POONAWALLA - Ichimoku Bullish Breakout Stock Name - Poonawalla Fincorp Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 309
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
POONAWALLA - SYMMETRICAL TRIANGLE BREAKOUT📊 Script: POONAWALLA (POONAWALLA FINCORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Financial Services
📊 Industry: Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving positive crossover.
📈 There is Symmetrical Triangle Breakout.
📈 Stock is taking Support at previous resistance level (shown in chart) which is around 266 and reverser from that level.
📈 Prices moving along with Volume .
📈 Already Crossover in Double Moving Average.
📈 Right now RSI is around 67.
⏱️ C.M.P 📑💰- 292.30
🟢 Target 🎯🏆 - 343
⚠️ Stoploss ☠️🚫 - 266
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!🥂
🇮🇳 Happy Independence Day 🇮🇳
POONAWALLA | Good for Long | 10% & 20% Target ???NSE:POONAWALLA
Reason for Trade : Resistance Break Out with Moderate volume
Cmp : 275.5
Entry : CMP or Pullback Near 270
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
YR 2022 Idea #80: Long on POONAWALLA This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
YR 2022 Idea #74: Long on POONAWALLA This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.