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Technicals for Poonawalla Fincorp Limited
By MusingTheNews
2025-05-30 20:51
Overall Technical outlook
Price Summary
On 2025-05-30, Poonawalla Fincorp Limited's shares started at 404.0, peaked at 406.0, bottomed out at 397.0, and ended -0.06% down at 403.75, with 788843 shares traded. The highest price the stock achieved in the past 52 weeks is 465.5, while the lowest price it saw is 273.8. Based on recommendations from 5 analysts, the future price of POONAWALLA is expected to range from 280.0 to 440.0, with an average price expectation around 372.2.
Technicals
Support and Resistance: At 403.75, the price is supported by 402.7 and resisted by 402.7. This indicates that the price for Poonawalla Fincorp Limited might fluctuate between these levels, with 402.7 acting as a support and 402.7 limiting further upward movement. Support/Resistance for POONAWALLA
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Poonawalla Fincorp Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for POONAWALLA, with no strong trend emerging. Bolinger Bands chart for Poonawalla Fincorp Limited
Parabolic SAR: The PSAR for POONAWALLA continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for Poonawalla Fincorp Limited
Stochastic: The stochastic indicator signals a bullish mood, with the K-line above both the D-line and the 80 threshold. This configuration indicates strong upward momentum, suggesting that the market may continue its upward trend. Traders could consider this a positive indication of strength for POONAWALLA. Stochastic chart for Poonawalla Fincorp Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for Poonawalla Fincorp Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend. Tripple SMA chart for Poonawalla Fincorp Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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