avlnrao63

PFC - CMP 137.7.

Short
NSE:PFC   POWER FINANCE CORP
PFC - CMP 137.7. It has met all its previous given targets and almost trading at year highs, latest one is identified when at 122 recently and published in this tradingview site. Now be cautious because of 2 reasons whenever it met is top edge of Bollinger band as done now, it tried to retrace and came back to lower end of BB in 4 out of last five occasions and to mid level of BB on one occasion. Also it is facing trend line resistance at current price. Will it come down to 120 levels again to be seen. If it crosses its trend line and closes above trend line it may be in uptrend for some time but will be only for limited period up to 140-145 range but chances of coming down are high after 140-145 range also. This view is for educational purpose and not any trading recommendation.

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