VIEW ON PFCGood chart structure
Can hold for posistional basis
Target 640
Stop loss 555
I am just representing my views
For educational purpose only.
PFC trade ideas
PFC - POSITIONAL SHORT OPPORTUNITYSYMBOL - PFC
CMP - 510
PFC saw huge sell off on 4th June & now It is recovering & price is testing the liquidity area which is now a resistance.
I'm seeing a trading opportunity on sell side in PFC.
Shorting PFC Futures at CMP 510
I will be adding more if 535 - 540 comes & will hold with SL of 562
Targets I'm expecting are 418 - 402 & 388
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Power Finance CorporationPFC. Technical and Fundamental AnalysisTechnical:
10/07/2024: PFC Closed at its all time high levels above 560. The Daily price action has formed an inside candle on 09/07 and an outside candle on 10/07, but closing above the previous two days' highs. Which shows strength in the counter.
Possible scenarios:
SCENARIO 1:
Any Daily close above 567, and any bullish price action above and around 570 could mean an immediate breakout. Trade can be entered with a stop loss below today's low of 535.
SCENARIO 2:
The price action could go into a consolidation between the levels of 560-570 on the higher side and 520-530 on the lower side. One can accumulate in this zone and keep a stop loss below 500 for any daily close.
SCENARIO 3: A breakdown of 520 on daily time frame which will lead the price action to find support around levels of 500.
#This is only for educational purposes, of how to find value stocks and trade them.
Fundamentals:
Since the Stock is a NBFC lending to power sector, we will look at its P/B = 1.4. A very attractive valuation.
With a Return on Assets(loans) of 2.74%, its operating effeciency is better than most banks, and many other Public Sector NBFCs. The targets from a fundamental perspective, keeping the optimum P/B value to be 2, there is still, atleast 11% upside (without any growth in loan book).
But taking into account a Revenue and loan book growth of around 10-15% CAGR in the coming 2-3 years, on the back of increased power demand and lack of power generation...
One can safely assume an upside of more than
40%
depending upon the performance, increase/decrease in effeciencies and disbursements of loans.
Hence, an undervalued stock with good growth potential and good technical setup- breakout and daily close above previous all time high.
#This only for educational purposes of how to find undervalued growth stocks. and how to trade them.
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.
PFC trend line bouncePFC in a Higher High, Higher Low structure, bounced from the marked the trendline/channel once again. Structure is bulish, so can be tracked from here.
Kindly follow and like to show some love to give me inspiration to post more trading ideas here.
Power Finance Corporation Limited - Breakout Setup, Move is ON..#PFC trading above Resistance of 526
Next Resistance is at 681
Support is at 376
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Power Finance Corporation Limited - Long Setup, Move is ON...#PFC trading above Resistance of 431
Next Resistance is at 526
Support is at 340
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PFCPFC is showing some sign of strength.
492 to 502 is a resistance area above which it can be bought for the above target as marked on charts with stoploss to be kept below support area marked on the chart
pfc poised for next rallypfc could be poised for next rally.
the base has shifted higher in this case . it has broken the range with volume. Seeing a long tern target of 805-810.
This is my out look and should not be construed as invite to trade
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.
PFC SHARE VERY GOOD STOCK Hi I am bulish on basis Brekout as daily candlestic ,and trend is uptrend so it is esay for the with the small stop loss the stock is Power Finance
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in PFC
BUY TODAY SELL TOMORROW for 5%
PFC - Policy continuityAnother police continuity trade.
Long above 500 and stoploss below 460.
There has been a nice volumes buildup over the last couple weeks.
pfc head and shoulderstock : pfc
trade : (cash and option)
buy@ 499 above
sl @ 466
target @ 600
note :
this information is for education only
Cup and handle pattern breakoutGood volume build up in the daily and weekly time frame.
Cup and handle pattern breakout with good volume, wait for retest or breakout of current candle high in daily time frame for opportunity.
NOTE: I do my analysis, do yours before trade.
PFC given breakout with cup and handle pattern. PFC given breakout with cup and handle pattern.
Expected target 570
Time period : 2 to 3 months
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose
PFC bullish; above 473 ? - Thursday 23-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
PFCI have updated my view on pfc stock
Please add to your watchlist and look for swing trading
Only educational purpose
pfc long setupstock : pfc
trade : long
buy @ 443 above
sl @ 417
t1 @ 500
t2 @ 580
note :
this information is for education only
PFC - Pennant Breakout !!!PFC has just broke pennant set-up and ATH is 430. Once 430 is crossed, we can see a movement towards 550. Other factors:
1. Volumes have started picking up
2. MACD is getting positive
3. RSI is showing bullish signs
4. TTM revenue is highest ever, so is PAT
5. Given the Govt expansion plans, we can see PFC playing a major role.
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
RESISTANCE BO AND INV H & S BREAKOUT Power Finance Corporation Ltd witnessed a trading volume of 53,552,269 today, driving the stock up by 5.78 per cent to currently trade at Rs 439.5, compared to the previous close of Rs 415.5. The stock experienced a resistance breakout, which, along with a price volume breakout and volume spike, suggests a strong upward trajectory
Only for educational purpose
not for sugesstion
PFCIt has given breakout from head and shoulders pattern with good volume. Currently stock is facing resistance from its all time high levels. Good to take a swing long position once it breaks all time high level with good volume.
PFC - BREAK OUT FROM STRONG RESISTANCE - LONG VIEWPFC consolidated 3-4 months, now stock is given break out from resistance zone, due power demand increasing, stock can be perform very well in up coming days. i am seeing 20% upside potential in this stock. even risk to reward ratio is higher.
