Cyclic stock again in upside trend ?Can be bought at these levels
But should we ? Thats the big question.
Bull call spread maybe !!
PFC trade ideas
SWING TRADE :BREAK OUT : POWERFIN SWING TRADE : POWERFIN has givena good Break out above 87
can accumulate from 89
stoploss would be kept aroun 82
target :93/97/101/104
trade may take 5 -10 days duration
note : THIS IS FOR EDUCATIONAL PURPOSE I AM SHARING THE IDEA... PLS CROSSCHECK WITH YOUR ADVISER ...
PFC Trendline BreakoutThis analysis gives you the idea about a swing trade opportunity in Power Finance Corporation Limited (PFC) stock on a weekly chart. The breakout is still about to happen. Either the stock is going to break the level of 90.55 and reach 104.75 (Approx. 16% upside move in short time) or it may face resistance at this level and may come back to 74.5 (Approx. 17% downside move).
Shoulder about to break in PFCPFC is trading in a strong downtrend with a series of the lower waist but now we can see that from the bottom it is trying to break its downtrend line. Currently, we have support at 75.80 from which it takes a U-turn and moving upwards. At 89 we will see the trend line break out as well as shoulder break out and we can take a long position here with 50% capital and rest once we break 91.75 levels on a daily closing basis.
NSE:PFC
PFC, Getting ready for second leg of down move (Learn & Earn)PFC is a weak stock and it was successfully trade last week as well when it broke our support line. Now this is getting ready for another move if it breaches 74. Must have for watchlist.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
Request your support by liking/commenting on ideas submitted.
PFC, broken 1.5 years low closing.PFC was traded today with group and we had 1% profit in it. PFC has given closing breaking its previous low closing few weeks back. This can be good candidate for shorting if it breaches 78.3.
If market turns out weak tomorrow then it will one of the high probable trade.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
Request your support by liking/commenting on ideas submitted.
[Buddha] PFC Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PFC-Right angled triangle at the end of downtrendWatch it, if breaks the triangle breaks upside decisively with volume
PFC - Potential C&HA darling of many people who like buying PSU's and highly recommended by several analysts as well.
The stock looks like it could complete a c&h pattern and breakout. Buy only above marked price.
Additionally don't buy in one go but slowly coz its a stock in a stressed sector and failure is very possible.
So as it moves 5% up keep adding would be something i would look to do instead if going in all in 1 go.
Currently only a watch list stock.
Shorting opportunity PFC 1H time frame.Shorting opportunity PFC 1H time frame.
Reason.
1. RSI divergence
2. Price made higher high and touched upper resistance line.
Target 1st 122.80 and second 121.35.
