Poonawalla Fincorp has demonstrated notable strength in its price movement over the past few weeks. After a brief retracement to its 20-day moving average (DMA), the stock has resumed its upward trajectory, accompanied by high trading volumes. This resurgence signals significant buying interest, indicating a potential opportunity for investors.
Given the stock's positive momentum, it is advisable to closely monitor Poonawalla Fincorp. A strategic entry point could be considered, with a stop-loss around ₹405. For potential gains, the stock has a target range of ₹475 to ₹500, offering a favorable risk-to-reward scenario.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.