The stock can see a significant correction
1. The stock is rebounding from a resistance line from which previous rally has seen correction
2. The stock is on the verge of breaking a support line
3. The stock is breaking down the bollinger band and possibly ending a consolidation which was happening over the past couple of weeks
All analysis if only for...
I am posting this on request from one of the follower...
1) On 1day time frame, it is near critical range which is 104-106. which was working as support in recent days and as well as in past year.
If it breakdown this range then we can see down move.
100 is psychological support level.
Please refer below chart : 1day time frame. ...
PFC is in a channel pattern on 1 moth TF since 2010.
On a Daily TF it is following a downward trend line and recently formed a bearish engulfing candle at the trend line, so it could be a good opportunity to short.
Short term target: 104 (next strong support).
Long term target: 80-85 (monthly channel support).
P.S: If market continues uptrend then we might need...
PFC - Power Finance Corp
Stock correcting from a recent high, forming a falling wedge pattern with support in 110 range
Recently pattern breakout in the chart and consolating from the last 4days in range
Safe Buy above 117 levels for targets of 120-130 levels
With SL of 110 on closing basis
In case of GapUp avoid setup.
Also Stock can be add to gain...
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This is Monthly Timeframe.
PFC is near is resistance of a very long resistance line.
We saw a big breakout in TATA Power from power sector few months back.
Will it happen same with PFC?
The chances are looking bright as it is sideways for years.
And here, RR ratio is also looking good which 1:2 if I kept stoploss near the recent support.
It may also go above it's...
breaks its 2 yrs résistance.
also ready to coming out from 10 yrs channel pattern.
buy on dips SL- below the zone.
#the_pravin #simPlepriceaction #notoindicator #nakedchart #swingtrading
Clear Inverse HNS pattern formation in PFC which is a positive signal to go long in the stock
CMP is 139
SL is 119 (Daily closing basis)
Target1 is Rs 156
Target2 is Rs 169
Target3 is Rs 200
Do your own analysis before investing.
Plan your Trade & Trade your Plan
Up trending Stock
Inverse Head & Shoulders Pattern Breakout
Retest to H&S Neckline
Fib Rejection from 50% level
Entry can be done with confluence from lower timeframe like 5min or lower if you like.
Let uptrend be confirmed in lower timeframe and place your stoploss by looking at higher time frame.
Nifty Energy to outperform Nifty in coming days.
Both Long term and short term trend became bullish.
Very positive changes are happening in this
Charts are looking bullish .... : :)
Few stocks to track in this segment are
In this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...