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POONAWALLA FINCORP LTD
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POONAWALLA : bearish after breaking out of descending triangle


  • BREAKOUT from DESCENDING TRIANGLE pattern -

    price has recently broken out of descending triangle pattern with strong confirmation ie large red candlesticksnapshot
  • REVERSAL from 50D & 100D SMA MULTIPLE times -

    price has also reversed from 50D & 100D sma several times over the past few weeks. Also 50D & 100D have come very close to each other while price was taking reversal from them indicating even more strong downward pressure

    TARGET -

    307.05

peace_lover
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Também em:
Moving AveragesTrend AnalysisTriangle
peace_lover
My Social Media links :

📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
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