📊 Stock: Power Finance Corporation (PFC)
🔹 Symmetrical triangle pattern forming – price squeezing into apex
🔹 Long consolidation with volume stability – accumulation signs visible
🔹 Holding support near rising trendline (₹405–410)
🔹 Facing resistance near falling trendline (₹425–430)
🔹 Trading around 50, 100 & 200 DMA cluster – decisive move expected
🔹 RSI hovering near neutral – waiting for direction
🔹 Fundamentally strong PSU with consistent dividend payouts
⚡ Price tightening near breakout zone (₹425–430)
🚀 Breakout above resistance could trigger 20–25% rally towards ₹500+
⚠️ Breakdown below ₹400 may drag stock back to ₹370 levels.
🔹 Symmetrical triangle pattern forming – price squeezing into apex
🔹 Long consolidation with volume stability – accumulation signs visible
🔹 Holding support near rising trendline (₹405–410)
🔹 Facing resistance near falling trendline (₹425–430)
🔹 Trading around 50, 100 & 200 DMA cluster – decisive move expected
🔹 RSI hovering near neutral – waiting for direction
🔹 Fundamentally strong PSU with consistent dividend payouts
⚡ Price tightening near breakout zone (₹425–430)
🚀 Breakout above resistance could trigger 20–25% rally towards ₹500+
⚠️ Breakdown below ₹400 may drag stock back to ₹370 levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.