POONAWALLA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of Poonawalla Fincorp Ltd (POONAWALLA)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading well above both its 50-DMA (₹441) and 200-DMA (₹405), indicating sustained bullish momentum.

52-Week Positioning: At 95.4% of its 52-week range (₹267 – ₹513), the stock is near its all-time high, reflecting strong investor sentiment and price strength.

📈 Momentum Indicators

RSI (71.4): In overbought territory. While this confirms bullish momentum, it also signals potential short-term exhaustion or pullback.

MACD (4.31): Positive crossover with rising histogram, confirming bullish momentum.

Volume: Exceptionally high (7.2 Cr.) compared to 1-week average (1.57 Cr.), indicating strong institutional activity and breakout confirmation.

📉 Chart Patterns & Moving Averages

Price Action: The stock has broken out of a consolidation range and surged past key moving averages. It’s forming higher highs and higher lows, a classic bullish pattern.

Support Levels

₹480–₹490 – recent breakout zone and minor pullback support

₹441 – 50-DMA and trendline support

Resistance Levels

₹513 – 52-week high and immediate resistance

₹530–₹550 – projected extension zone if breakout sustains

📌 Bollinger Bands

Price is hugging the upper band, confirming strong momentum. However, a short-term pullback toward the middle band (~₹470) is possible before continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 470–490 Near breakout retest and support zone

Exit (Short) 510–513 Resistance zone, potential profit booking

Exit (Long) 530–550 If breakout sustains above ₹513

🔍 Market Behavior

Trending: Yes, strong bullish trend confirmed by MACD, RSI, and price action.

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless RSI peaks further and volume fades.

🧠 Summary

POONAWALLA is technically strong, riding a breakout wave with price action above key moving averages and bullish indicators. RSI and MACD confirm momentum, and volume surge supports institutional interest. Traders may consider accumulating near ₹470–₹490 and watch for breakout above ₹513 for targets toward ₹550.

Let me know if you’d like to explore similar setups in NBFC or financial services stocks.

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