PFC - Triangle breakDecided to post Lower time frame analysis for sometime. Triangle pattern and the breakout will take the price in the expected track as shared.
PFC
Is PFC breakout possible ?After more than 620 days It had now crossed 137.5. Can it move up with the same potential or Is it a false breakout again?
Please evaluate my analysis:
On 15th (Monday) March if the bullish candle forms and closed above resistance then It will go up. If bearish candle forms then again downtrend
on 12th (Friday)Massive Increase in volumes and RSI also crossed 60 increases bullish probability…
PFC 121.8PFC-121.8. It has fallen from recent high of 135.9 and consolidated. Now it will start its upward journey to reach previous highs of 136 and 140 in near future. Its last quarter EPS is 10 and stock is trading at very cheap valuations. It is also a holding company of REC. Buy for target of 130, 136, 140++ with a sl of 107 in near term also good dividend paying company. Last year in Feb'20 they paid interim dividend of 9.5. This time also they may pay. This is for educational purpose only. Consult financial adviser before investing.
PFC Consolidation for Some timeJust found something that has been consolidating for a long time(15 min timeframe used)
Use your knowledge and interpretation for good trade
PFC : weekly chart - investment opportunityPFC will give a good move post breakout.
Entry - ONLY on pullback (else we might be trapped in a FAKEout)
Reversal Signs Signals 👀 Rounding pattern formation
Lead to a bullish rally
Later on breaking of neckline
All follow up candles touched neckline
Interesting note is last 3 day candles
Almost DOJI candles back to back
These makes it curious for a reversal and start of downtrend below neckline
Sale wud trigger around 104-103 with so 108
disclaimer join your study to take trade
PFC :- BEST FOR SWING AND POSITIONALShowing good recovery and braking its resistance best to buy for Swing Trading for 2 weeks trending above 50 and 200 EMA
Cmp : 103.50
Buy Abv : 109
Sl :103
Trgt : 122 (10.27%)
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. NSE:PFC
PFCIm not an expert im just sharing my views on PFC for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Intraday / Swing Setup: Looks good above 92 with confirmation onIntraday / Swing Setup: Looks good above 92 with confirmation on 15 mins for 96/100+. Keep a tight SL of 90. Price moving in HHLL and this is critical level for breakout.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Long PFC LtdLong PFC Ltd for a target of 91-92. It has crossed the resistance level and now can give swing trade.
PFC is giving a risk reward of more than 10Safe Traders : Wait for the retest to happen and enter only when the triangle channel breakout.
Aggresive Trader : Take an entry at current price and exit near the resistance 1 , take an entry again after the retest happens.
Please comment if you have any doubts.
Power Finance Corp (Head & Shoulder Pattern Formed)Power Finance Corp (Head & Shoulder Pattern Formed)
