on 16-04-2024, we had taken a position in Poonawala, as you can see in the chart setup based on the gap filling strategy caused by the market fall on the previous day.
The stock had recovered with good volume on the previous day and based on the analysis, indicators and the price action we had taken a position with risk to reward of 9.56.
The stock had almost...
Price Near ATH and 52WH .
Trend is up . shakeout happened after consolidation price is expanding .
good to enter now ... Stop/Taget is mentioned in the chart.
Buy Zone - 409 to 451
Targets 492, 536, 582, +
Stop loss - 320
Important Dates to monitor ::-
15th Dec 2023
30th Dec 2023 and
20th Jan 2024
This levels acts as important support & resistance for intraday as well as for Swing/positional/ and Investment .
Based on price action, Gann Theory and Self research techniques major support & resistance's are derived and...
BUY POONAWALLA PRICE @ 345 30% ROI EXPECTED
Buy1 cmp entry @345
Target 1 @452
ROI 1 @30
Buy2 Pending entry @261
Target 2 @452
ROI 2 @72
Our Unique Features
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1. Follow our 10 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 1% Risk Management Per trade.
4. Risk vs Reward...
On daily charts, the stock has given good breakout of cup & handle pattern with good volumes. good for swing trade. SL should be 445. target should be 550.
Neckline Breakdown
All DEMA Break
200 Dema last support for long.
Market sentiments very Bearish
Stock in downtrend.
Disclaimer this is my personal view for education purpose only
No Buy sell recommendations
📊 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...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
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..
On a weekly timeframe, the stock is trying to break the previous resistance and if we expect to have a good close, this stock can give excellent results. Fundamentally strong stock.
Entry - on a weekly timeframe to have a strong close above the resistance.
T1 - 400
SL - Below the weekly close.
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...
