PFC Buy above trendline breakout PFC showing RSI divergence
But can go long only if breaks top resistance trend line with RSI confirmation.
PFC trade ideas
PFC (Power Finance Corporation Limited) BUY ABOVE 106PFC (Power Finance Corporation Limited) BUY ABOVE 106
PFC Positional Buy @in_tradingviewNSE:PFC
Cup N Handle & near support
buy now or near 90
SL 80
T 120 135
closing above 145 will give 185 200
PFC (Power Finance Corporation Limited) BUY ABOVE 110.5PFC (Power Finance Corporation Limited) BUY ABOVE 110.5
PFCPFC on support now we can deploy netural strategy here both long 107.5 ce pe and get return of 10%
+3x 29AUG2019 107.5CE - ₹ 5.2
(0)
+3x 29AUG2019 107.5PE - ₹ 4.7
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -184,140
Breakevens
97.6-117.4
Estimated Margin/Premium
₹ +184,140
important levels for PFCI see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
Pfc near major supportPFC after breaking trendline is now near major support if it breaks it will further go down
Head & Shoulder BreakoutThe chart is showing clearly made "Head & Shoulder" reversal pattern and trading below the neckline. One can use it and short the stock at current level for the target of 116/111.5. RSI is also below 50 confirming the shorting decision. It offers a good Risk to Reward Ratio.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
PFC - SHORTPFC is on the way to form Double Top @ 138 levels.
Price is above all its moving averages and is in a bullish channel.
Currently stock is at the top of channel so a SELL.
PFC Weekly Time frame Analysis CMP 134.2 Short with 150 Sl PFC Weekly Time frame Analysis
CMP 134.2 Short with 150 Sl
Target - 127-124 - 110-98.55- 85+
PFC Along with REC, PFC also could start its next leg up. Power seems to be a focus sector of this new government.
Both REC & PFC seem to be investment picks more than just trading picks.
