AbhishekHSinghCMT

PFC- Triangle on Monthly Chart (Bullish Above 173)

Long
NSE:PFC   POWER FINANCE CORP
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7
PFC- Power Finance has traced out a triangle on monthly chart - I shall look for key zone 172-173 to be breached on top -if at all it wants to move up. When PFC goes past 172-173- Likely for a couple of years, it shall stand as good stock.
Trade active: 07:50 Hrs- 3rd Oct2016
Going Above 125 -Should be a decent opportunity for bulls for short term trade

The zone 112-113 which was acting as resistance earlier -now started acting as support- This is called polarity reversal.

Trade active: 07:19 Hrs 24th Nov2016

Last Price@127

Keep a watch, a good stock for the portfolio.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Hi! Whats the current view on PFC? 135b was a hurdle. Now back to supports. Your take on it?
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