Hi,
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...
#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
This 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...
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...
POONAWALA FINCORP Showing Good Breakout on Major 1D ResistResistance Zone with Small Pullback. Best for further rally Long Term or Swing.
KEEP ON RADAR
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..
cup 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
Checkout 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...
#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.
~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.
Poonawala 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...
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.
