📊 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! 👇
交易進行
Completed first target.... Enjoy the moneyrain guysssssss.......交易結束：目標達成
1st Target Completed......Enjoy the moneyrain guys.......
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