PFC (Power Finance Corporation Limited) SELL BELOW 100
PFC showing RSI divergence But can go long only if breaks top resistance trend line with RSI confirmation.
PFC (Power Finance Corporation Limited) BUY ABOVE 106
NSE:PFC Cup N Handle & near support buy now or near 90 SL 80 T 120 135 closing above 145 will give 185 200
PFC (Power Finance Corporation Limited) BUY ABOVE 110.5
I see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
The chart is showing clearly made "Head & Shoulder" reversal pattern and trading below the neckline. One can use it and short the stock at current level for the target of 116/111.5. RSI is also below 50 confirming the shorting decision. It offers a good Risk to Reward Ratio. Disclaimer : All ideas are my personnel view. Please take financial consultancy for...
Until RSI goes below 40, we will stay our view as LONG. Target 130 in the coming days.
Trade Plans: Buy Above 134.4 with the Stop Loss of 130.45
A closing about 127.5 gave a breakout from Cup and Handle pattern on daily charts. Buy for Tgt of 139/146 for June Expiry with SL at 126.
PFC is a buy between 119-121.50 Target sureshot is 123. RISKY target is 126.45 NO STOPLOSS. KEEP POSITIONAL. EXPECTED TGT WITHIN 2 DAYS. HOLD POSITION FOR 7 DAYS IF TGT NOT DONE.
On 30 minute chart , inverted Head & Shoulders pattern is forming. If neckline breakout happens successfully then PFC can see 113.45 and then after 116.5 . Stop-loss can be the right shoulder's low i.e. 107.40 with a small buffer. Note:- This is a conditional Buy or Long position on inverted Head & Shoulders neckline breakout.