📊 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...
Posting 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 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...
NSE: 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...
My 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.
Buy 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%
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.
