Price and trend forecast of POONAWALLA for Tomorrow, Weekly, Monthly
Poonawalla Fincorp Limited
Symbol: NSE:POONAWALLA
ISIN: INE511C01022
375.70
As on 2024-07-26
POONAWALLA's Today's Performance
Poonawalla Fincorp Limited started the day by opening at 370.00 today 2024-07-26. Its shares reached a high of 379.40 and dipped to a low of 365.95 in intraday. When the markets closed, POONAWALLA’s stock price settled at ₹375.70 per share. Also check out its key support and resistance levels.
POONAWALLA Buy/Sell Targets
Tomorrow, buy POONAWALLA when its price reaches ₹ 375.70 with a stop-loss order at ₹ 366.97. You can set the target price as ₹ 384.43 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of POONAWALLA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for POONAWALLA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 381 |
| Tomorrow Down Target 2 | 387 |
| Tomorrow Down Target 3 | 395 |
Important Levels for POONAWALLA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 368 |
| Tomorrow Up Target 2 | 360 |
| Tomorrow Up Target 3 | 355 |
Based on where the stock opens tomorrow, if POONAWALLA opens on a positive note, our first target will be ₹381. If Target 1 is achieved, we will aim for Target 2 which is ₹387.
But if POONAWALLA falls below the average value of ₹373.68, you can enter a sell side position with target number 1 - ₹368 and second target - ₹360 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of POONAWALLA
Looking at POONAWALLA, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, POONAWALLA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for POONAWALLA is moderate bearish.
Tomorrow's Volume based share price Forecast for POONAWALLA
POONAWALLA's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -18%.
Reversal detection for POONAWALLA
POONAWALLA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹372 in morning tomorrow
| Target 1 tomorrow | 379 |
| Target 2 tomorrow | 382 |
| Target 3 tomorrow | 387 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with POONAWALLA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if POONAWALLA opens on a positive note, our first target will be ₹381.42. If Target 1 is achieved, we will aim for Target 2 which is ₹387.13.
But if POONAWALLA falls below the average value of ₹373.68, you can enter a sell side position with target number 1 - ₹367.97 and second target - ₹360.23
POONAWALLA's Weekly Targets
| 1st Up Target | 404.38 |
| 2nd Up Target | 433.07 |
| 1st Down Target | 355.63 |
| 2nd Down Target | 335.57 |
As the week for POONAWALLA ended on bearish sentiments, we can expect further continuation of this sentiment. POONAWALLA's initial target will be 404.38 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 355.63 in the upcoming week.
Weekly OHLC Values
| Open | 408.95 |
| High | 413.00 |
| Low | 364.25 |
| Close | 375.70 |
Week for POONAWALLA started with an open price of 408.95, and the close was at 375.70. POONAWALLA reached the highest of 413.00 and dipped lowest up to 364.25 last week. This indicates a bearish sentiment for the week.
POONAWALLA full month swing targets
| Monthly Up Target 1 | 453.13 |
| Monthly Up Target 2 | 481.82 |
| Monthly Down Target 1 | 306.88 |
| Monthly Down Target 2 | 238.07 |
Targets of ₹453.13 can be expected to be reached in the coming month. Once POONAWALLA achieved this target, we can aim for the next upside target of ₹481.82.
POONAWALLA if fails to hold upside, down targets of ₹306.88 and ₹238.07 can be achieved by end of this month.
For complete three weeks if POONAWALLA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as POONAWALLA
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
POONAWALLA is expected to reach the target of 381.42 in tomorrow's trading session.
After achieving the initial target in POONAWALLA, we will aim for higher targets of 387.13 tomorrow.
However, if POONAWALLA starts to trade below ₹373.68, then we will shift our focus to the sell side and aim for down targets of 367.97 and 360.23.