praveen.bhatiya

PFC Broadening Right-Angled and Ascending

Short
NSE:PFC   POWER FINANCE CORP
The pattern is also called Megaphone. It has also formed 3L-Reversal at the top so one can short the stock wherever stop loss of 139.9 on closing basis is affordable. If the pattern works one can expect the price to touch the lower line around 112. Safe trader can book the profit on fib level that too offers a good risk to reward ratio