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.
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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.
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07:19 Hrs 24th Nov2016
Last Price@127
Keep a watch, a good stock for the portfolio.
Comments
ArjunTurakhia
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Hi! Whats the current view on PFC? 135b was a hurdle. Now back to supports. Your take on it?