💰 Poonawalla Fincorp: Strong Bounce from AVWAP – Triangle Breakout Ahead?

The stock has posted a sharp +12.88% monthly gain, rebounding strongly from its AVWAP support and heading back toward the upper trendline of a long-term symmetrical triangle. 📊 Technical Setup 🔺 Symmetrical Triangle forming since 2023 with lower highs and higher lows 💪 Price has rebounded from the dynamic AVWAP support (~₹284) with strong volume 🚀 Breakout zone around ₹490–₹500 Potential target post breakout: ₹650+ (based on triangle height projection) 📉 Multi-Signal Insights 📈 MACD monthly showing bullish reversal signs 📉 Price retraced exactly to AVWAP, confirming institutional accumulation 📊 Forming a higher low, suggesting trend continuation after correction 📌 Fundamental Snapshot 🏦 Well-capitalized NBFC with strong promoter backing (Poonawalla Group) 💸 Low NPAs and improving disbursement numbers 📈 Consistent ROE expansion and growth in AUM 🧮 Focus on consumer and MSME lending – high yield, low-risk portfolio