AJAYSHARMA
Long

PFC in an extended 5th wave at minute degree

NSE:PFC   POWER FINANCE CORP
PFC
74 0 2
pfc
PFC             is an extended 5th wave . There is higher volume in wave 5 and a couple of expanded flats. Wave ((v)) should end at 197 . Very short term target is 158.56 should end with wave 3 and (3) . The current minuscule wave 4 should correct the stock to 150 . but should not go below 148.50 . So buy at around 150 with a stop loss of Rs             148 and a target of 158.
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