chartistamey

PFC-A good ATH breakout of investment stock!

Long
chartistamey Updated   
NSE:PFC   POWER FINANCE CORP
PFC has given yet another ATH breakout as the bull run of this stock continues.
A beautiful cup and handle flag consolidation is seen in the stock which can be reason to fuel more rally in this stock.
Momentum traders can keep this stock in watchlist. 555-560 will be a strong supply zone for the stock. Easy 10% returns are visible here.

Long term target of the stock is 1000+ and hence long term investors should continue holding this PSU stock. PSU Power sector will keep growing and so will PFC.
Comment:
T1 done. 10% returns in 1 week!
Comment:
As explained, 555-560 was a supply zone. 20% down from supply zone

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