📊 Technical Analysis Overview:
Poonawalla Fincorp is showing strong bullish momentum and is currently a probable flag breakout candidate. The stock has crossed the 200-day EMA with high volume, indicating strong institutional participation. Additionally, RSI is above 70, confirming bullish strength.
📌 Trade Setup & Key Levels
✅ Buy Entry: ₹357
🚨 Stop Loss: ₹333
🎯 Target Levels:
🔹 Target 1: ₹399.10
🔹 Target 2: ₹414.20
🔹 Target 3: ₹429.85
🔹 Target 4: ₹570.50
🔹 Target 5: ₹584.55
📈 Technical Observations
🔹 Flag Breakout Formation: The stock is attempting a breakout from a bullish flag pattern, which often leads to strong uptrends.
🔹 Volume Confirmation: A surge in volume alongside the breakout increases the probability of sustained upside.
🔹 200 DEMA Crossover: The price has successfully crossed the 200-day EMA, a strong bullish signal.
🔹 RSI Above 70: Indicates strong momentum, though a short-term pullback cannot be ruled out.
⚠️ Risk Management & Final Thoughts
Always use proper risk management to protect capital. The stop loss at ₹333 ensures a controlled downside, while the upside targets provide a strong risk-reward ratio.
📢 Watch for Retest: If the price retests the ₹357 level after the breakout and holds, it could provide another buying opportunity.
📊 What do you think? Will Poonawalla Fincorp continue its rally? Share your thoughts in the comments! 👇
Poonawalla Fincorp is showing strong bullish momentum and is currently a probable flag breakout candidate. The stock has crossed the 200-day EMA with high volume, indicating strong institutional participation. Additionally, RSI is above 70, confirming bullish strength.
📌 Trade Setup & Key Levels
✅ Buy Entry: ₹357
🚨 Stop Loss: ₹333
🎯 Target Levels:
🔹 Target 1: ₹399.10
🔹 Target 2: ₹414.20
🔹 Target 3: ₹429.85
🔹 Target 4: ₹570.50
🔹 Target 5: ₹584.55
📈 Technical Observations
🔹 Flag Breakout Formation: The stock is attempting a breakout from a bullish flag pattern, which often leads to strong uptrends.
🔹 Volume Confirmation: A surge in volume alongside the breakout increases the probability of sustained upside.
🔹 200 DEMA Crossover: The price has successfully crossed the 200-day EMA, a strong bullish signal.
🔹 RSI Above 70: Indicates strong momentum, though a short-term pullback cannot be ruled out.
⚠️ Risk Management & Final Thoughts
Always use proper risk management to protect capital. The stop loss at ₹333 ensures a controlled downside, while the upside targets provide a strong risk-reward ratio.
📢 Watch for Retest: If the price retests the ₹357 level after the breakout and holds, it could provide another buying opportunity.
📊 What do you think? Will Poonawalla Fincorp continue its rally? Share your thoughts in the comments! 👇
İşlem aktif
Completed first target.... Enjoy the moneyrain guysssssss.......İşlem kapandı: hedefe ulaştı
1st Target Completed......Enjoy the moneyrain guys.......
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.