Traderanit

Shoulder about to break in PFC

Long
NSE:PFC   POWER FINANCE CORP
PFC is trading in a strong downtrend with a series of the lower waist but now we can see that from the bottom it is trying to break its downtrend line. Currently, we have support at 75.80 from which it takes a U-turn and moving upwards. At 89 we will see the trend line break out as well as shoulder break out and we can take a long position here with 50% capital and rest once we break 91.75 levels on a daily closing basis.
PFC

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