Stocks in My WatchList for long swing *Sbi life Insurance. Cmp 1000 *iciciprudential Cmp 561 *HDFC Cmp 2496.75 *Bajaj Finserv Cmp 11318 *Icici Lombard CMP 1449.95 *Axis bank Cmp 716 *PFCL Cmp 108.65 -Paurik Trivedi
PFC HAS BENN INTO A CHANNEL SINCE 2017 WHICH IT BROKE THIS WEEK . IT HAS CLOSED STRONG SO BUY IN DIPS ON RETRACE OR CAN ADD LITTLE QTY NOW. NSE:PFC SINCE ITS A PSU MAY SURGE ON DIVESMENT OR NEW PROJECTS BACKING.
- NSE:PFC Consolidating @ Resistance sinc emany days - Good Q3 earnings Reported - Bullish Flag Pattern formed
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.