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Powerfinance

Power Finance Corporation Ltd - Breakout OpportunityDate : 12-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 492.05 Targets: (1) Rs. 559 --> (2) Rs. 660 SL : Rs. 442 on daily close basis Technical View: • NSE:PFC is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 559 on 3-Jun-2024, it has retraced 29% to 395.20 level. • On 12-Jun-2024, NSE:PFC has broke out from its secondary down trend with high volume. • Prices are trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 54.79 and MACD is trading at 11.77. • Looking good to start a new swing from here. • All the above observations are noted in Daily Timeframe. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:PFCLong
by vicky252
3
Simple Trade Setup | PFC | 16/05/22 [INTRADAY]NSE:PFC I am posting this on request from one of the follower... Observations: 1) On 1day time frame, it is near critical range which is 104-106. which was working as support in recent days and as well as in past year. If it breakdown this range then we can see down move. 100 is psychological support level. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 16-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:PFC
by Trading_hawk