PFC ready for a breakout soon keep on your watchlist This is for educational purpose only
PFC will give a good move post breakout. Entry - ONLY on pullback (else we might be trapped in a FAKEout)
I will go LONG on PFC because: The price is taking support at trend line . It has touched the support trend line again . So will look at buying opportunities. If it falls below the support trend line then short it. Entry - 88 Target - 103 Stop loss - 83
Safe 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.
Please do your own analysis before trading or investing. Happy Trading.