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.
Powerfinancecorporation
PFC-A good ATH breakout of investment stock!PFC has given yet another ATH breakout as the bull run of this stock continues.
A beautiful cup and handle flag consolidation is seen in the stock which can be reason to fuel more rally in this stock.
Momentum traders can keep this stock in watchlist. 555-560 will be a strong supply zone for the stock. Easy 10% returns are visible here.
Long term target of the stock is 1000+ and hence long term investors should continue holding this PSU stock. PSU Power sector will keep growing and so will PFC.
Weekly Bullish Flag Breakout in Power Stock A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:PFC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
POWER FINANCE CORPORATION - DAY CHART - 05.01.2023POWER FINANCE CORPORATION as per Day Chart Analysis Stock
ABOVE 158 TARGET 162.
Today being an weekly expiry day, there had considerable sell off from FII by 1449.45 Cr and surprisingly DII was also a net seller by 194.09 Cr.
Nifty 50 has a good support at 17835 / 17771
Bank Nifty has a good support at 41951.
So lets see whether these support levels helps the nifty and bank nifty to bounce back.
Normally Friday is often considered to be a profit booking day and considering two days of sell off. There might be a brief consolidation at these support levels by tomorrow.
So lets see how this week ends... Happy Profitable Trading to all...
POWER FINANCE CORPORATION - DAY CHART - 07.12.2022POWER FINANCE CORPORATION posted on 04.12.2022 Stock ABOVE 140 TARGET 142. Today Stock made a high 143 and closed at 142.
TARGET HIT
Today 07.12.2022 Again FII Net selling continue to 1241.87 Cr and DII Net Buying at 388.85 Cr.
There is a Possibility for Nifty to touch 18425 Level. So lets wait and watch...
Happy Profitable Trading to All...
PFC - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALPOWER FINANCE CORPORATION as per Daily chart analysis stock should take a Support at 104.60 as per previous supports and if it continues to break and fall then Below 103 then Target is 99.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
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.
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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.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON PFCIn this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading
SHORT TERM GAIN - POWER FIN CORPTime 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).
The major thing of attraction is the Dividend yield it provides is 11% which is remarkable for long term shareholders.
Currently stock is following the trendline and continuously taking support on it.
Time frame - 1 DAY
If any queries left you can ask in the comment section.