Hold as big resistance is right below MARKET PRICE with 50 EMA conflux. Red Volume (selling) is reducing daily. We might see up an move gradually. Dividend adjusted stock making a great recovery.
Weekly target 206.30
Due to some negative bias the stock is punished by Gap down. But i'm expecting a small recovery for BTST
1) RSI oversold and may slightly recover from this place
2) Dividend record date is 14/07/2020 (Tuesday) hence it may attract some buyers at the dip. They providing Rs.1.55/- dividend, that is 3.20% at this price.
3) Seeing the delivery volume is confirming...
Time frame - 1 HR
Power Finance Corporation is engaged in extending financial assistance to the power sector and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance Company (IFC).
The major thing of attraction is the Dividend yield it provides...