POONAWALLA - Analysis

Buy Zone - 409 to 451

Targets 492, 536, 582, +
Stop loss - 320

Important Dates to monitor ::-
15th Dec 2023
30th Dec 2023 and
20th Jan 2024

This levels acts as important support & resistance for intraday as well as for Swing/positional/ and Investment .

Based on price action, Gann Theory and Self research techniques major support & resistance's are derived and mapped on the chart

Hope this information will assist you in your trading / investment.


Disclaimer -
I AM NOT A SEBI REGISTERED ANALYST OR ADVISOR. I DOES NOT REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY INFORMATION, CONVERSATION, OR CONTENT. STOCK TRADING IS INHERENTLY RISKY AND THE USERS AGREE TO ASSUME COMPLETE AND FULL RESPONSIBILITY FOR THE OUTCOMES OF ALL TRADING DECISIONS THAT THEY MAKE, INCLUDING BUT NOT LIMITED TO LOSS OF CAPITAL. NONE OF THESE COMMUNICATIONS SHOULD BE CONSTRUED AS AN OFFER TO BUY OR SELL SECURITIES, NOR ADVICE TO DO SO. THE USERS UNDERSTANDS AND ACKNOWLEDGES THAT THERE IS A VERY HIGH RISK INVOLVED IN TRADING SECURITIES. BY USING THIS INFORMATION, THE USER AGREES THAT USE OF THIS INFORMATION IS ENTIRELY AT THEIR OWN RISK.

Thank you.

Comment:

Update -
if traded - For swing trade SL 409, and target around 450

Trade closed: target reached:

Made high of 448 booked profit in swing trade

Comment:

Again today high of 451,
Double top is formed in this stock, please book profit,
fresh entry if sustains above or closes above 450 for 2-3 days.

Comment:

For your study and Analysis -
Maintain Stoploss of 461 or 451

Targets 526 to 532 then 593 to 606 then 668 to 678

Comment:

Update stoploos as per your comfort or 480/450

Comment:

Some caution to be taken if closed below 457. Stock has to sustain above this for this week then we can target for 633

Lest hope for best!!