PFC, GOOD LONG OPPORTUNITYPFC Has given nice breakout on Hourly charts.
Volumes are strong.
Can be traded for long on retest, Risky can take positions now.
***DO YOUR OWN ANAYLSIS BEFORE ANY TRADE***
PFC trade ideas
Will PFC break 10 year trendline resistance?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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Please stay safe. Happy Trading!
Regards,
Segan
PFC 129.5PFC- as per chart It is making cup formation. Top of the cup is at 138. Today it has risen by 3.73% with huge volumes even in falling market. That is very bullish sign. It has also filled the gap formed on 18.3.21 which is also bullish sign. It may go up to 138 with a SL of 123.
PFC CAN BE BOUGHT CMP 125 Sl 120 Good U shaped recovery after fall crossed resistance.....one can imitate long here sl 120...
PFC - intraday longbuy from 121.4 to 120.4
easy target 124.7
t2 - yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
PFC - ASCENDING TRIANGLE BREAKOUT1) Stock is forming ascending triangle pattern and broke the major resistance placed at 123.
2) Refer the chart for levels.
Long PFCPFC CMP - 115
Stop - 104 on DCB
Expectation -
1 - 140
2 - Review at 140
Expected Holding Period - 20 trading days or earlier
Cup and Handle pattern breakoutGood fundamental stock to buy with proper technical reason. Can be bought for a short term target of 128.
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Happy Trading :)
Swing Opportunity in Power Finance Corporation LtdGo Long above 119.35 for Targets of 125.5, 131.65, and 137.8 with SL 113.2
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. The stock formed a bullish chart pattern, Inverted Head & Shoulder.
3. Also there is a Demand Zone (marked with a green rectangle ) around 0.618 Fibonacci level from which the stock is taking support and moving up.
4. In addition to this there is a gap created which the stock can try to fill it once the neckline of inverse head & shoulder pattern gets broken.
PFCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
A BARRACUDDA HAS FORMED POTENTIAL TARGET 162 TIME PERIOD 3 MOA BARRACUDDA HAS FORMED POTENTIAL TARGET 162 TIME PERIOD 3 MONTHS
