POONAWALLA | Clear trendline | Attractive R2RBuy at 380
SL 354.6
Target 493
Upside 29.74%
Downside 6.7%
R2R 4.4
For study - Not a recommendation.
POONAWALLA trade ideas
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.
Diwali Firework NSE:POONAWALLA
This NBFC stock is ready for firework before diwali.
Can Expect Good move above 410
Risk Reward is good at this zone
Keep an Eye on Vol. Candle
If stock goes below 370 then we can avoid
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.
POONAWALA FINCORP : Best Stock for a short-term gainPOONAWALA FINCORP has taken a support from at its previous strong support zone and getting reverse from that level with a good volumes.
🔰 One can accumulate it for a gain of 10% / 20% / 30% upside targets in a short term.
📈 Range : 380-385
🎯 Target : 430 / 470 / 500
🛑 SL below : 340 (wcb)
⚠️ [ b]Disclaimer : This is not a buy/sell advice or recommendation. This is purely my view only for the educational purposes.
Strong Revesal
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
POONAWALLA POONAWALLA (Weekly)
CMP 365
Currently at strong support zone
can be a reversal candidate if sustains above 350
POONAWALLA Simple trade set up1. Trend: Bullish
2. Set up: Reversal
3. Strength: Strong
4. Retesting & bounce back
Poonawala Fincorp is at SupportSeems like it will bounce back from here. Since it is falling from last 3 months and we have multiple supports available in weekly charts near 350.00 (200 EMA and previous resistance).
If the reversal is confirmed from here then we can see this rally till 500.
POONAWALA- the new multibaggerPoonawalla has been retracing for an extended period. Now that the results are out and they are very positive, we have provided entry levels for this promising stock. It is the optimal time to invest in this stock, which has the potential to double from its current position. This is an opportunity not to be missed.
Poonawala Fincorp Elliot wave and channel analysisThis script is moving as per Elliott wave in a channel drawn and as per that we are most likely at the end of (iv) wave (in green) of wave 3 (major wave in blue). Now the wave (v) of wave 3 (major wave) can be 130 to 250 points in length from current swing low of 496, it has to cross LTH (518 at least) so taking average of the range given the leg (v) of major wave 3 must end near 580-600 area.
** If stock fails to hold 496 and breaks below that then there can be sharp correction in the script.
From there another correction phase (major wave 4 in blue) followed by last major wave 5 (in blue)
So one can make positions from there with 495 as the stop loss for a target of 520 to 600 with stop loss trail strategy.
** Please note this is not a trade advice but just chart analysis study shared for educational purpose, one must do his/her own analysis before taking any trade.
Poonawala fincorp Poonawala fincorp. A good NBFC. At highest ever financial results with 22% down from top, 35% plus gain on the way RHS(Reverse head and shoulder pattern) strategy, LTH( life time High, 15-20% down from lth is good entry when financial improved) strategy also there.
Poonawalla Fincorp Ltd. setting up for next 30% move!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.
Market Cap : 310B INR.
For education purpose only!
MULTIBAGGER AT WEEKLY SUPPORTSNSE:POONAWALLA proved out to be a multi-bagger with 4X returns in last 24-30 months. Stock has corrected and is now available at support. Strong promoters and growth can give more returns.
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.
Breakout with Volume.#POONAWALLA
It is a non-deposit taking NBFC.
Market Cap 38,289 Cr.
ROE 7.69 %
InstHold 13.4%
Growth YOY:-
SALES 53%
PAT 79%
Breakout with Volume.
#StocksInFocus
Triangle Breakout on i30Triangle breakout is seen on I30 time frame with base formation of 43 points, adding to breakout gives a target of 525 and stoploss at 480
#POONAWALLA (Weekly)⚡️Strong management
⚡️Good Quarterly Results
⚡️Promoters buying
⚡️Retracement till Fibo 0.618 level
🔴 SL 450
🟡 CMP 473
🟢 TGT 521/592/710
Resistance to support in poonawalaAfter giving all time high of 335 levels
we have retest of the same level.
Its taking regular support at 50ma.
SL T1 T2 on chart
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.
POONAWALLA bullish; above 454? - Friday 5 Jan.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
POONAWALA FINCORPPOONAWALA FINCORP Showing Good Breakout on Major 1D ResistResistance Zone with Small Pullback. Best for further rally Long Term or Swing.
KEEP ON RADAR
