Poonawalla Fincorp Shows Strong Momentum: A Potential Buy Opport
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.
