“Poonawalla Fincorp – Approaching Long-Term Resistance”

📊 Technical View 1️⃣ Price Setup: CMP: ₹458.90. Stock is in a strong uptrend since March 2025 lows (~₹280), gaining ~65%. Now approaching the long-term falling resistance trendline (~₹480–490 zone) visible since late 2023. 2️⃣ Moving Averages: 200-week EMA at ₹287 → price is well above, confirming long-term bullish strength. 20-week EMA around ₹416, acting as dynamic support. 3️⃣ Volume Action: Rising volumes during the recent up-move, showing participation. Breakout above the falling trendline needs to be supported by volume expansion. 4️⃣ Key Levels: Resistance Zone: ₹480–490 (falling trendline). Support Zone: ₹415–430 (20-week EMA). If breakout holds above ₹490 → next upside targets ₹550–600. Breakdown below ₹415 could drag it back to ₹370. 🚀 Learning Takeaway Falling trendline resistance often acts as a barrier until decisively broken. If the breakout happens, it can trigger a long-term trend reversal. Always watch weekly closes & volumes for confirmation.