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
Poonawalaanalysis
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 :)
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.
Poonawala Fincorp back in contentionEntry in Poonawala Fincorp can be taken above 247.5 closing. The targets will be 282 and 303. Long term target in the company will be 340+. Stop loss can be closing below 214. Poonawla Fincorp is valuation wise little expensive stock but momentum in the stock is picking up. The company has Zero promoter pledge and FII/ FPI stake in the company is also increasing.
Poonawala in consolidation crossing the zone it may fly Poonawala Fincorp after correcting from 300+ levels is trying to form a bottom near 240 / 250 levels. Entry can be taken in the counter after a closing is obtained above 258. Targets will be 268, 288 and 300+. A stop loss should be maintained at a closing below 222. MFs are increasing their hold in the company where promoter pledge is Zero. Cash generation ability of the company is improving and there are signs of positive reversals in net profit. Negative aspect of the stock is high valuation and news of some promoters decreasing their holding.
