Poonawalla Fincorp: expert says avoid stock until resistance crossed

A stock is a small piece of a company that people can buy and sell, like trading stickers.

Poonawalla Fincorp is a company that lends money, and its stock price is stuck at a certain level.

Imagine a toy shelf with a high edge, where the toy rolls up to the edge but keeps falling back.

That edge is called a 'resistance' level, and for this stock it is around Rs 504-505.

A smart money expert named Haldar said that people should not buy the stock yet.

He wants to wait until the stock climbs above that edge and stays there.

If the stock cannot get past the edge, its price might fall back down.

Haldar did not say what price to buy at or how high the stock could go, because no one knows until the stock breaks through.

He said it is better to watch and wait than to guess and risk losing money.

So for now, the stock stays on the 'watch list,' not the 'buy list.'