AbhishekHSinghCMT

PFC 2016 Diary- Look for a pullback 118-120 to buy

NSE:PFC   POWER FINANCE CORP
6
The Structure is looking choppy & confusing from a long term point of view as wave-4 looks not be completed yet as a possibility.

Trading Strategy
We shall look for a pullback in the zone 116-120 if holds downside on the trendline, then short term upside move could be expected in 130-133 zone.

This is how we moved in 2016

In below shown charts- click the chart & use load bar feature

Monthly Chart- Bullish Above 173

Look to buy in the Zone 97-105
Trade closed manually: 08:07 Hrs 18th Jan2017

Last Price@137

Did not get the pullback---hmmmm

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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