I am posting this on request from one of the follower...
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. ...
Levels mentioned on the chart.
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Power Finance Corporation is forming a symmetrical triangle that is almost 10 yrs old
The movement will be strong if broken on the upside
If Resistance 4 is broken, previous resistances can be targets
Keep SL as per your risk appetite
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Time frame - 1 HR
Power Finance Corporation is engaged in extending financial assistance to the power sector and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance Company (IFC).
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