POONAWALLA TRENDLINE BREAKOUTDynamic Trendline Breakout with Volumes in Daily TF.
Took Support from Previous Support Zone.
Buy on Dip till 385.. Need some Retracement for Further Upside.
RR Favorable
POONAWALLA
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 🇮🇳
Poonawala Fincorp (Rs.216) Huge potentialPosting bit late, but still Poonawala Fincorp (Rs.216) has Huge potential from here as well (This is my view)
Let's review stock after a year again..
Please do your research before investing..
Before Result buy POONAWALA Target @316Before result it form short term support @287 level i am expecting 2-5 days duration upside 6-7% gain
as finance banking is looking strong before budget .
i am expecting such small target will hit soon.
as i am keeping eye on poonawala fincorp,
\its not perform from last 2 week and momentum start from today now
its best level to enter around @298-300
be connected with me
i will update idea as target will come
RAVINDRA BHISE :)
POONAWALLA - Bullish Breakout supported with VolumesNSE: POONAWALLA is closing with a bullish breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Conditional Buy Idea POONAWALLAMy conditional buy idea on NSE:POONAWALLA is to take entry once price reach at level of 288. Will take stop loss if price trade below 275 (-13 Points)
My up side target will be 300(+12 Points), 309 (+21 Points) & 322 (+34 Points). It could be best risk and reward idea.
Note: This is my personal analysis, only for learning. Thanks.
POONAWALLA - short term tradeBuy POONAWALLA @/above 276
Intraday/Short term Target 297
Stop Loss 272
Profit approx. 9%
Medium term Target 343
Stop Loss 246/below
Profit approx. 24%
Poonawala Weekly time frame looking good!Weekly time frame looks to form H&S, after long INHS breakout at 230 level, looking good for 310 plus above 245 close on daily form basis
Will try to build on yesterday's momentum. Poonawalla Fincorp is nearing it's ATH BO levels and might move further. It might try to challenge 227.75 today. Above this level the next target for Poonawalla will be 254. 197, 189 are strong supports now. For Fresh Entry 189 should be the Stop Loss. Very Long Term Target looks like 300+ in 12 to 18 months.
