Poonawalla Fincorp: Throwback Support Holds

gave a falling channel breakout in June 2026, rallying to a high near the channel's second reaction-low measured move zone before undergoing a throwback correction. A strong bullish candle formed at this throwback support zone, with the stock up 7.67% to settle near 479.40 on a weekly basis. RSI at 56.27 has turned up from the mid-range, reflecting a pickup in momentum from the pullback lows. Resistance: 502, then 570, and 642 on an extended basis. Support: 449-428, then the 200 SMA and rising window support converging near 394-399, a confluence zone worth noting on any deeper pullback. Whether the 502 resistance gets taken out this time, opening the path toward 570 and higher, will be worth tracking in the coming sessions. The 394-399 zone stays the broader structural support to watch, given the confluence of the moving average and the rising trendline there. A throwback to a breakout zone holding as support, backed by a strong reversal candle, adds credibility to the original breakout, though the next resistance still needs to be cleared. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.