PFC 1D TFWe've spoke about NSE:PFC forming a triangular pattern in the previous post. Now the stock is moving up breaking the triangular pattern. But I would wait for a retracement or another strong bullish candle in order to enter this trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PFC
PFC 1D TFNSE:PFC is forming a descending triangle pattern, with multiple touch points on both side. A break down can be traded but only with confirmations. Strong candle with good volume can be a good signal for getting into the trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PFC 1D TFNSE:PFC is forming a descending triangle pattern, with multiple touch points on both side. A break down can be traded but only with confirmations. Strong candle with good volume can be a good signal for getting into the trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
MACD Crossover Swing Trade - PFC📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
⏱️ C.M.P 📑💰- 531
🟢 Target 🎯🏆- 569
⚠️ Stoploss ☠️🚫 - 511
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
PFC - POSITIONAL SHORT OPPORTUNITYSYMBOL - PFC
CMP - 510
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!
Power Finance CorporationPFC. Technical and Fundamental AnalysisTechnical:
10/07/2024: PFC Closed at its all time high levels above 560. The Daily price action has formed an inside candle on 09/07 and an outside candle on 10/07, but closing above the previous two days' highs. Which shows strength in the counter.
Possible scenarios:
SCENARIO 1:
Any Daily close above 567, and any bullish price action above and around 570 could mean an immediate breakout. Trade can be entered with a stop loss below today's low of 535.
SCENARIO 2:
The price action could go into a consolidation between the levels of 560-570 on the higher side and 520-530 on the lower side. One can accumulate in this zone and keep a stop loss below 500 for any daily close.
SCENARIO 3: A breakdown of 520 on daily time frame which will lead the price action to find support around levels of 500.
#This is only for educational purposes, of how to find value stocks and trade them.
Fundamentals:
Since the Stock is a NBFC lending to power sector, we will look at its P/B = 1.4. A very attractive valuation.
With a Return on Assets(loans) of 2.74%, its operating effeciency is better than most banks, and many other Public Sector NBFCs. The targets from a fundamental perspective, keeping the optimum P/B value to be 2, there is still, atleast 11% upside (without any growth in loan book).
But taking into account a Revenue and loan book growth of around 10-15% CAGR in the coming 2-3 years, on the back of increased power demand and lack of power generation...
One can safely assume an upside of more than
40%
depending upon the performance, increase/decrease in effeciencies and disbursements of loans.
Hence, an undervalued stock with good growth potential and good technical setup- breakout and daily close above previous all time high.
#This only for educational purposes of how to find undervalued growth stocks. and how to trade them.
Power Finance Corporation Ltd - Breakout OpportunityDate : 12-Jun-2024
Rating : Buy - Positional Trade
LTP : Rs. 492.05
Targets: (1) Rs. 559 --> (2) Rs. 660
SL : Rs. 442 on daily close basis
Technical View:
• NSE:PFC is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 559 on 3-Jun-2024, it has retraced 29% to 395.20 level.
• On 12-Jun-2024, NSE:PFC has broke out from its secondary down trend with high volume.
• Prices are trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 54.79 and MACD is trading at 11.77.
• Looking good to start a new swing from here.
• All the above observations are noted in Daily Timeframe.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Power Finance Corporation Limited - Breakout Setup, Move is ON..#PFC trading above Resistance of 526
Next Resistance is at 681
Support is at 376
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Power Finance Corporation Limited - Long Setup, Move is ON...#PFC trading above Resistance of 431
Next Resistance is at 526
Support is at 340
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PFC-A good ATH breakout of investment stock!PFC has given yet another ATH breakout as the bull run of this stock continues.
A beautiful cup and handle flag consolidation is seen in the stock which can be reason to fuel more rally in this stock.
Momentum traders can keep this stock in watchlist. 555-560 will be a strong supply zone for the stock. Easy 10% returns are visible here.
Long term target of the stock is 1000+ and hence long term investors should continue holding this PSU stock. PSU Power sector will keep growing and so will PFC.
BHEL was in sideways trend last week Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
BHEL is in corrective moce after making recenrt highs
If sustains above 300 level, it may try to test recent highs
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 280 & then 270 level
whereas upside hurdle is aroud 320 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Granules India: Is It the Next Opportunity?- Is Granules India our next PFC contender?
- Similar move, pattern, and good strength observed.
- It's worth considering a speculative move.
- However, we must not risk everything.
- Our course of action:
1. Granules India's current market price is around 476.
2. We will Wait for today's closing, which should be above 474 to meet our bullish trade condition.
3. If the first condition is met, we'll buy above today's high, with today's low acting as a small stop loss.
- Due to the trade's riskiness, we'll manage quantity to mitigate risk.
Crossover Trade - PFC📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is trading at Middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 432
🟢 Target 🎯🏆 - 458
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Power Finance Corporation Limited - Long Setup, Move is ON...#PFC trading above Resistance of 281
Next Resistance is at 425
Support is at 192
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PFC : Breakout Candidate#pfc #breakoutstocks #VCPpattern #Flagpattern #Lowriskhighreward
PFC : Weekly (1-3 Months) Holding Period
>> Breakout Soon for New Rally
>> Flag Structure
>> VCP Pattern
>> Highly Trending Setup
>> Good Strength & Decent Volume
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and Keep Trailing for more
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
PFC: Powering the Future - A Skyward Bound OpportunityPFC, or Power Finance Corporation, is currently on a trajectory that could take it to unprecedented heights in the financial world. As an established player in the power sector, PFC has consistently shown resilience and adaptability, making it a compelling choice for investors looking to ride the wave of its new rally.
The stock's recent performance hints at a potential rally, and the stars seem aligned for PFC to reach for the sky. Whether you're a seasoned investor or a newcomer looking to explore promising opportunities, PFC's upward momentum is worth watching.
Trade Strategy: For those considering an entry, we recommend watching for a breakout above today's high. In line with prudent risk management, we've set a stop-loss (SL) level below 255. This allows us to limit potential losses and protect capital in case the trade doesn't unfold as anticipated.
As PFC prepares to embark on a potential journey to the sky, savvy investors and traders may find this stock to be a captivating addition to their portfolios. Keep a close eye on the price action, and remember to employ sound risk management practices to maximize the potential benefits of this opportunity.
#LONG: Multi-year Breakout in POWER FINANCE CORP The scrip was trading below multi-year resistance trend line since 2008.It gave a breakout from the trend line in Mar,23. It formed a large bullish candle on a monthly time frame returning 12% in Apr'23 and nearly 35% in last 3 months. The Stock rose nearly 3.40% today hitting ATH which is also a 10-Year High.
Stop Loss: 189 (daily closing basis)
Potential:44%
Time period: 3-6 months(Expected)