poonawalahas launched its commercial vehicle secured loan business, according to a Monday filing to the Indian stock exchanges.
The loan covers small, light, and intermediate and heavy commercial vehicles from all major manufacturers, supporting both new and used vehicle purchases.
The commercial vehicle loans will be offered through direct-to-customer, dealers, and channel partners.
POONAWALLA trade ideas
Poonawalla Fincorp Ltd Long tradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
POONAWALLA FINCORP LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
POONAWALLA FINCORP - 5th wave leading to 60% up move?This stock serves as a textbook example of identifying the conclusion of a wave 4. The stock remained in the third wave until January 2024. Observing the channel, it exhibited a throwover before quickly descending to breach the lower boundary of the channel. This tempts the bears to go short.
In such instances, the fourth wave typically concludes at a 38% retracement of the distance between waves 2 and 3 which is the case here. Furthermore, the bears who had shorted earlier and will get trapped which results in sharp up moves and bullish price movements and, which aligns with the current situation.
Currently, Elliott wave analysis, channeling techniques, and price action indicate that a bottom may have been established with the conclusion of wave 4.
If our assessment holds true, we could witness pronounced upside movements from this point onward.
The wave counts and levels are illustrated on the accompanying chart.
For a detailed explanation on Elliot waves basics, please refer to the following link:https://www.investopedia.com/terms/e/elliottwavetheory.asp
DISCLAIMER: It is important to note that the information provided in this analysis is intended solely for educational purposes. It is strongly advised to consult with a financial advisor prior to making any investment decisions. I cannot be held responsible for any financial losses that may occur.
buy at zone - swingENTRY
- line marked is potential reversal zone ( PRZ) zone1 , zone2
- stock may either reverse at zone1 or zone2 or both zones may fail
- entry is strictly inside the zone or at zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236
- TGT 2 - 0.382
- TGT 3 - 0.5 ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
INTRADAY TRADING SETUPon 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 reached it targets before the 3 PM deadline, and we had exited with a booked profit of 1.60% overall on the capital.
POONAWALLA - AnalysisBuy 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 mapped on the chart
Hope this information will assist you in your trading / investment.
Disclaimer -
I AM NOT A SEBI REGISTERED ANALYST OR ADVISOR. I DOES NOT REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY INFORMATION, CONVERSATION, OR CONTENT. STOCK TRADING IS INHERENTLY RISKY AND THE USERS AGREE TO ASSUME COMPLETE AND FULL RESPONSIBILITY FOR THE OUTCOMES OF ALL TRADING DECISIONS THAT THEY MAKE, INCLUDING BUT NOT LIMITED TO LOSS OF CAPITAL. NONE OF THESE COMMUNICATIONS SHOULD BE CONSTRUED AS AN OFFER TO BUY OR SELL SECURITIES, NOR ADVICE TO DO SO. THE USERS UNDERSTANDS AND ACKNOWLEDGES THAT THERE IS A VERY HIGH RISK INVOLVED IN TRADING SECURITIES. BY USING THIS INFORMATION, THE USER AGREES THAT USE OF THIS INFORMATION IS ENTIRELY AT THEIR OWN RISK.
Thank you.
BUY POONAWALLA PRICE @ 345 30% ROI EXPECTEDBUY 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
—————————————————————
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 up to 25.
Note Please leave comments for any query.
Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
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 🇮🇳
Wedge Pattern BreakoutPlease 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