POONAWALLA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of Poonawalla Fincorp Ltd (POONAWALLA) based on the data you provided and current market indicators

📊 Trend Overview

Current Trend: Reversing / Weak Bearish

The stock is trading below its 50 DMA (₹430) but above its 200 DMA (₹388) — indicating a possible short-term downtrend within a longer-term recovery.

RSI at 35.0 suggests the stock is nearing oversold territory, but not quite there yet.

MACD at -3.53 shows bearish momentum, with no bullish crossover in sight.

📈 Chart Patterns & Indicators

Moving Averages

Price below 50 DMA → short-term weakness

Price above 200 DMA → long-term support still intact

RSI (14): 35.0

Weak momentum, approaching oversold zone

MACD (12,26): -3.53

Bearish divergence, no sign of reversal yet

Volume Trends

Current volume (39.01 lakh) is below 1-week average (47.32 lakh), indicating low conviction in recent price moves

Bollinger Bands

Price likely near lower band, suggesting potential for a technical bounce — but confirmation needed

🔍 Momentum Signals

Short-Term Momentum: Weak

ADX (14): ~25 (neutral trend strength)

Stochastic RSI: Likely in oversold zone — watch for reversal signals

📌 Support & Resistance Zones

Level Price (₹)

Support 1 408

Support 2 395

Resistance 1 430

Resistance 2 445

Resistance 3 462

These levels are derived from recent price action and pivot zones.

🎯 Optimal Entry & Exit Zones

Entry Zone: ₹395–₹408 (if RSI dips below 30 and volume picks up)

Exit Zone: ₹445–₹462 (if price rebounds and MACD flattens)

🧭 Conclusion

Trend: Weak bearish with potential for reversal

Momentum: Fading

Volatility: Moderate

Suggested Action: Wait for confirmation of reversal before entering. If price holds above ₹388 and RSI improves, a bounce toward ₹445 is possible.

Would you like to compare this with another NBFC stock or explore its fundamentals more deeply?

Edit in a page