PFC saw huge sell off on 4th June & now It is recovering & price is testing the liquidity area which is now a resistance.
I'm seeing a trading opportunity on sell side in PFC.
Shorting PFC Futures at CMP 510
I will be adding more if 535 - 540 comes & will hold with SL of 562
Targets I'm expecting are 418 - 402 & 388
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active
CMP 495
15 rupees in profit.
Trade active
CMP 482
28 rupees ~ 6% in profit.
Trade active
CMP 530 Adding more here.
Avg sell price now is 520
Trade active
CMP 548
RR is very favorable here. Adding more quantity. Avg Sell price now is 534 & holding with strict SL 562
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