PFC
PFC Trendline BreakoutThis analysis gives you the idea about a swing trade opportunity in Power Finance Corporation Limited (PFC) stock on a weekly chart. The breakout is still about to happen. Either the stock is going to break the level of 90.55 and reach 104.75 (Approx. 16% upside move in short time) or it may face resistance at this level and may come back to 74.5 (Approx. 17% downside move).
Shoulder about to break in PFCPFC is trading in a strong downtrend with a series of the lower waist but now we can see that from the bottom it is trying to break its downtrend line. Currently, we have support at 75.80 from which it takes a U-turn and moving upwards. At 89 we will see the trend line break out as well as shoulder break out and we can take a long position here with 50% capital and rest once we break 91.75 levels on a daily closing basis.
NSE:PFC