Poonawalla Fincorp ATH breakout Poonawala Fincorp
CMP 458
ATH breakout then retest and range breakout again for new ATH..
SL at 425 DCB for short term trade and 390 DCB for positional trade..
POONAWALLA trade ideas
Poonawala Fincorp long setup
*Positional Trade*
Buy Poonawala Fincorp Between 435-455
SL 399 (Round 50Rs SL)
Target 1: 533
Target 2: 560
Target 3: 570
Trade as per your risk rewards
poonawalla fincorp ltdcup and handle ...a rounding bottom pattern formation
breakout price is 450...volume decrease on selling day...breakout with strong volume
Rsi was taking support at near 60 level on daily time frame
Entry- 450, stoploss- 420, target is 550
POONAWALLA FINCORPPOONAWALLA FINCORP looking good for short term concentrate if the price sustains above 415 daily
Amazing breakout on Weekly / Daily Timeframe - POONAWALLACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
POONAWALLA#POONAWALLA is looking very good on the weekly chart. We can see that the previous supply zone has turned into the demand zone for the stock. Relative strength has also turned green, which indicates that the stock is outperforming Nifty.
POONAWALA FINANCE--BULLISH~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
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
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.
Ascending triangle breakout and retest Poonawala fincorp has given breakout and currently giving retest of breakout level.
Good low risk high reward setup evolving.
SL 330
Target 440.
Poonawala Fin shortOn daily chart double top
Gone down below mid of M with confirmation candle
Yesterday came for Entry
Good to sell below green candle low
RSI with divergence this is one more confirmation
Very much Thankful to ASTA
"POONAWALLA: Riding the Uptrend with Confidence"Description:
📈 POONAWALLA: Seize the Uptrend Opportunity! 🚀
Prepare to make the most of a promising uptrending stock - POONAWALLA! Here's why this opportunity deserves your attention:
Key Points:
📊 Up-Trending Stock: POONAWALLA has consistently been on an uptrend, reflecting strong market sentiment in its favor.
📊 Positive Relative Strength (RS): The stock boasts positive Relative Strength (RS), signifying its ability to outperform the broader market.
📉 Correction from Highs: Following higher levels, POONAWALLA has undergone a healthy correction, potentially paving the way for the next leg up.
📊 Trading on Support: POONAWALLA is currently trading on a robust support level, providing a sturdy foundation for potential price appreciation.
🔙 Bouncing Back from Support Line: The stock is displaying signs of a rebound from the support line, a bullish indicator.
📉 Cooled-Down RSI in Buying Zone: The Relative Strength Index (RSI) has cooled down and entered the buying zone, signaling a favorable entry point as the stock regains momentum.
💰 Accumulate or Trade: It's an opportune time to consider accumulating or trading POONAWALLA, offering potential for both short-term and long-term gains.
📈 Hold for the Long Run: If feasible, contemplate holding POONAWALLA until a significant breakdown occurs, capitalizing on its robust uptrend.
💰 Favorable Risk to Reward: This trade boasts an enticing risk-to-reward ratio, allowing you to aim for greater rewards while prudently managing risk.
📈 Entry Price (in Rupees): Consider entering the trade at Rs 398.00. This entry level positions you strategically for potential gains as POONAWALLA continues its uptrend.
❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 370.00. This level serves as a protective barrier should the trade not unfold as anticipated.
🎯 Target Price (in Rupees): Our target is set at Rs 480.00, reflecting a significant potential upside. This is where you may contemplate taking profits.
📈 Risk-Reward Ratio: With an entry at Rs 398.00 and a stop loss at Rs 370.00, the risk-to-reward ratio for this trade is approximately 1:1.08. For every unit of risk, there's a potential reward of 1.08 units.
🚀 Trade Strategy: Stay confident as POONAWALLA's uptrend continues. Keep a close watch on the stock and adjust your stop loss to secure gains as the journey unfolds.
This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the POONAWALLA uptrend with confidence and seize the opportunity for potential gains. Happy trading!
(Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
POONAWALA FINCORP TARGET 604POONAWALA FINCORP in monthly uptrend channel breakout with closing with bullish. Weekly consecutively fourth week bullish with a strong green candle. It will reach the monthly extension trend resistance target of 604
poonawala ascending triangle dailyhere we see amazing breakout happening in poonawalla
pattern ascending triangle
i believe in protecting capital so stop loss is must
stop loss 360
follow me for more amazing trades
Poonawala finance - a promising story Poonawala finance is ready to conquer the blue sky once again. After a short consolidation it seems ready to fly further. Watch this counter.
POONAWALLA FINCORP3.5r trade
Don't risk more than 1% of your capital manage quantity
Symmetrical triangle breakout
Restest done 👍🏻
Cup and Handle In Poonawala FincorpPoonawala Fincorp looks very strong, 1. chart shows cup and Handle pattern, 2. This company has a strong loan book in tier 2 & 3 cities and personally, i believe that this strong has a huge upside potential.
Poonawalla - CUP & Handle PatternStrong Pattern along with amazing growth in the book. Looking for higher growth
Poonawala Fincorp – Moving Upside Key Points:
- On Hourly chart H/H & H/L - Bullish Pattern
- Buying opportunity at Retest level
- RSI near 70 & above average
- 50,100,200 EMA crossed and good potential of up-move
- Possibility of forming New ATH - Keep in folio for longer term
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
