Poonawalla Fincorp jumps 10.77% on breakout volume!!

Poonawalla Fincorp jumps 10.77% on breakout volume Poonawalla Fincorp Limited (NSE: POONAWALLA) closed at ₹479.40 on September 18, gaining 10.77%. Trading volume rose to about 7.16 million shares, compared with roughly 568,000 shares on September 17. The move is technically significant because the stock had been consolidating around the ₹430-₹450 region before the sharp breakout. The September 18 session opened at ₹434 and reached an intraday high of ₹492, showing strong buying interest during the session. Why it matters The stock is now approaching the ₹500 psychological zone. The recent high of ₹492 is the immediate price level to watch. A sustained move above this area would provide further confirmation of the breakout, while failure to hold the breakout could lead to profit booking.