PFC trade ideas
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
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
PFC*WEEKLY CHART
*TRIANGLE PATTERN FORMED
*NEXT RESISTANCE IF GIVES A BREAKOUT 170
*STRONG SUPPOR IF MARKET FALL HEAVILY FROM CMP IS 70
PFC...... Barracuda ???Explained on charts....
This is just my view..... trade according to your own risk management.
PFC - CMP: 107It has taken support at the demand zone. RSI indicates an oversold zone. MACD is also in the Negative Zone. It is likely to take up-move 124 to 130 in the near term.
PFC - Triangle breakDecided to post Lower time frame analysis for sometime. Triangle pattern and the breakout will take the price in the expected track as shared.
PFC | Flag pattern - Safe Bet & looks good for 10-15%PFC | Flag pattern - Safe Bet & looks good for 10-15%
CMP : 127 (Any dip to 122 level is excellent buying opportunity)
SL : 120
Target : 139,145
Attached weekly chart in comment section
Trendline breakoutA downward and horizontal trendline is broken and an upside move can be seen in this stock.
1st target - 123
2nd target - 130
[Positional] PFC Swing Buy Bet Weekend Strategy Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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