India, June 2 -- Morning Star signals buyers regaining control, indicating rising buying interest and a likely bullish reversal. The charts show a clear breakout followed by a short-term pullback. A small-bodied candle between a preceding bearish bar and a strong bullish bar signals buyers reclaiming control.

On Monday, Poonawalla Fincorp formed a morning star on the 1 hour chart and hit short-term resistance near Rs 399. A decisive break above Rs 399 would open room for further gains; a drop below Rs 392.75 would negate the bullish case. Weakness in the Nifty Smallcap 100 Index has also dampened the stock's bullish momentum.

Targets are set near the nearest resistance zones. Traders trail profits as price rises, booking partial or full...