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PFC

PFC SHORT - Bearish Doji Star at cruicial JunctionToday's Doji Star Candle at the classical Right-Angled and Descending Broadening chart pattern suggests a short. I observe many charts and patterns but consider for trading only where stop loss is affordable to me, specially after the revised Lot Size. PFC seems good with small stop loss just little above the high made today on closing basis. One can expect to ride the swing till the other end. Another method to trade this pattern is to enter at 3rd touch for example going long on 16.12.17.
NSE:PFCShort
by praveen.bhatiya
3
PFC Megaphone Short would the History Repeat?The Price movement is forming Broadening Formations(Megaphone) Right-Angled and Ascending . Last time it has retested the level within 7 Bar and moved down till the other end. Interestingly it is forming the similar move again Let's see if history repeats. Anyway the pattern is picture perfect, Stop Loss is affordable and Risk to Reward is attractive what else should we look while framing the trade. My only Concern is Budget Day volatility.
NSE:PFCShort
by praveen.bhatiya
13
Power Finance Corporation : Bullish OutlookAfter a brief excursion below the blue fork, price is now flirting with the lower parallel of that fork. A breakout above the swing high of 130.4 would push the price back into the blue fork and also trigger a fresh buy signal in the Point and Figure Chart. The stock looks bullish across Daily, weekly & monthly time frame. Expect a swift move once price gets deeper into that ellipse highlighted in the chart. I would not be surprised if the stock rushes to the middle line of the blue fork. The recent swing low at 100 would be the major support for the stock.
NSE:PFCLong
by techtrail
3