Stock in Downtrend: Power Finance Corporation (PFC)
PFC has been in a downtrend for some time.
560 level has been the key resistance which was not able to break on several occasions.
The next strong support is around 480 levels.
If the 480 support is broken, we can expect a further fall.
We can retain the stock as long as 20EMA is above 50 EMA.
However, volume (SELL) keeps falling, which may indicate a good sign.
560 level has been the key resistance which was not able to break on several occasions.
The next strong support is around 480 levels.
If the 480 support is broken, we can expect a further fall.
We can retain the stock as long as 20EMA is above 50 EMA.
However, volume (SELL) keeps falling, which may indicate a good sign.
Note
PFC has just broken the key support level of 480 with volume.
The next support level is around 454.
Forthcoming sessions are significant in deciding the trade directions in PFC.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.