[Intraday] Weekend lvl 8 Short PFCShort at PDL only if PDL is broken, with SL at PDH
PDH - 100
PDL - 97.5
If it gaps, watch the 5m candle and follow ORB
PFC trade ideas
PFC - Short Trade IdeaAnother day - unable to close above resistance.
Short below PDL with SL at PDH or resistance level.
PFC (Power Finance Corporation Limited) #BUY ABOVE 91.3PFC (Power Finance Corporation Limited) #BUY ABOVE 91.3
PFC viewPFC
CMP 95.20
One may consider to buy at CMP or on dips towards 92 for Target of 107/113/119/124
Stop loss if trades below 88 on closing basis
Take care and safe trading...!!!
PFC IHNS PATTERNPFC
BUY ARROUND 87-90
FOR TGT OF 114++
SUPPORT ARROUND 87-90
INVESTMENT PURPOSE ONLY
PFC BreakoutPFC has broken out of a stiff resistance of 90-91. There are about 4 Swing Highs around the same level in the past 6-7 months.
BUY PFC around 91-92.5
T1 : 100
T2 : 105
SL : 93
LONG in PFC on NSE (INDIA)This is weekly chart of PFC on NSE (INDIA) with CMP @ 94.75. It looks a good long trade based on observations as illustrated below:
1. Please refer the support line drawn on the chart which acted as strong support at multiple times (tested on 8th Feb 2016, 25th April 2016 & 16th July 2018).
2. Please refer strong resistance line drawn on the chart from where price rejection can be witnessed at several occasions (8th Feb 2016, 25th April 2016, 30th April 2018, 10th Sep 2018).
3. Resistance as referred in preceding point no. 2 was decisively broken on 29th Oct 2018 with good volume.
4. Price has also broken upside EMA50
5. RSI has also broken 60 indicating good momentum.
In view of above, it seems to be a good long trade with stop below 89 with target -1 (107.90) and target-2 (116.90). Target -1 is arrived by upside to the tune of difference between support & resistance as mentioned above and target-2 is near another major resistance based on price action. Stop has been suggested just below the resistance which will now act as good support.
Happy trading...Kindly opine so that it helps all of us through cross learning...
Investment idea in PFC on NSE (INDIA)This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below:
1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows.
2. Activity in the scrip can be witnessed observing volume bars of last 4 weeks.
3. Price has reversed after indicating bullish divergence (marked on RSI ) after testing lower range.
RSI (59.2) shows strong momentum.
Hence, it is likely to target 160 (upper range) and hence it becomes a good investment choice at CMP of 93.65 (70 % )
Happy investing...
#PFC #IndianStocks #India #Stocks #NSE #PFC
Entry was at 76
Target 1 : 90 done
Target 2 : 98-100
Not buy call or Financial advice #DYOR
Power Finance Corporation: Wonderful Case of AccumalationCheck the chart for annotations. I am long in this stock and would add more on a breakout above 95. My stop loss is at 83 as of now in cash.
Guess which pattern we are looking for to repeat?Guess which pattern we are looking for to repeat? look back on same chart..
PFC - Long - Can target 95-100 in the next rallyMost likely in 4th of some degree - 5th should see 95-100
PFC#PFC forming #Pennatpattern and now stock trading inside of #pattern body. PFC breakout above 84 level or breakdown 82 level.
Expiry Strategy: Sell 95 Call Oct @ 0.4Recent crossover in EMA and negative divergence in key indicator signals bearish bias in coming days. Expect the price would stay below 95 for this month.
