PFC trade ideas
PFC :- BEST FOR SWING AND POSITIONALShowing good recovery and braking its resistance best to buy for Swing Trading for 2 weeks trending above 50 and 200 EMA
Cmp : 103.50
Buy Abv : 109
Sl :103
Trgt : 122 (10.27%)
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. NSE:PFC
PFCIm not an expert im just sharing my views on PFC for tomorrow
Im not responsible for any profit or loss this is not a recommendation
[Bounce] PFC Breakout BetDo a Put Credit or Call Debit Spread. I will sell naked ATM Put.
As per the charts.
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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Intraday / Swing Setup: Looks good above 92 with confirmation onIntraday / Swing Setup: Looks good above 92 with confirmation on 15 mins for 96/100+. Keep a tight SL of 90. Price moving in HHLL and this is critical level for breakout.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
[Positional] PFC Buy IdeaNow even if it does not break at all. (I am expecting Nifty to crash - Personal view.) You can short ATM or slight OTM PE of PFC. The IV is great !
Long PFC LtdLong PFC Ltd for a target of 91-92. It has crossed the resistance level and now can give swing trade.
PFC is giving a risk reward of more than 10Safe Traders : Wait for the retest to happen and enter only when the triangle channel breakout.
Aggresive Trader : Take an entry at current price and exit near the resistance 1 , take an entry again after the retest happens.
Please comment if you have any doubts.
Watch out for cup & handle breakout above 89.4The stock looks good above 89.4. Do watch out for the upper trendline as it might give resistance.
Power Finance Corp (Head & Shoulder Pattern Formed)Power Finance Corp (Head & Shoulder Pattern Formed)
10% move expected in a stock of 100Yes it's PFC
BUY: 94, T1: 105, SL: 87
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The chart explains a great learning of pressures.
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Share with your friends and colleagues and don't forget to hit a like, also your reviews and comments are appreciated.
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Disclaimer: Do your own analysis or consult with your financial advisor before taking any action.
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-MOHIT RAJANI
PFC - 1D TF - Cup & HandleCup & Handle pattern forming on Daily Chart of PFC. BUY 104, SL 86.9, Target(s) - 114, 119, 124. Handle is beyond the 50% limit of the Cup Depth. The stock has touched the price of 103.95 twice in the past, so it is acting as a strong resistance. It will give a nice breakout above that level. Will take a look at it again when price crosses 100 for any changes, if required. But if it goes below 86.9 before crossing 104, you might as well scrap this pattern for good. Cup Depth = 29.8. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
