PFC trade ideas
Very good swing trade opportunityIt is turning UP after breaking previous low. Very good BUY flag pattern to enter
long above trendlinepfc has formed a inverse head and shoulder pattern which is a bullish pattern. can go long above 89.5 with targets of 93/104 and stoploss of 86.5
#PFC CASH : RESISTANCE BREAKOUT ON CHARTS#PFC CASH
(24 JULY 2018)
RESISTANCE BREAKOUT IN PFC....
CMP 77
PFC looks bullish in medium tem to long termcmp - 82.40, in monthly it is has bounced from horizontal support zone. final support at 50. In weekly regular bullish divergence and morning star pattern formed.
1st tgt - 114, 2nd tgt - 160
More levels in PFC71 to 69. Divergence seen in macd and price. Another trendline drawn for the initial resistance. Above it, 91 as next level.
PFC LOOKS GOOD TO BUYWe have seen very good Down trend in the formation of LL/LH from last november but now we can see buyers are coming (as per momentum) and trying to control the market also we have got our first HH so now we need a buy signal only.
PFC LOOK FOR BUYPFC bounced from daily support with good momentum,We will wait for clear uptrend continuation sign for enter.
Continuation of Trend I am still looking the correction in PFC is likely to continue , one can Look for Booking profits in short trade and look for strong reversal and take reversal confirmation before entering the long
PFC at major long term supportPFC on weekly charts had broken support around 85 and now trying to get back above trendline. Buy with SL of 84 on closing basis for target 125 in the next 2-3 months
PFC - Time to keep it on Radar, Turn Around, Around the Corner?My Disclaimer -
I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and responsibility and I or anyone associated with me shall not be responsible for any instances whatsoever.
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Will you want to double your money??Now this time chart will tell you everything.
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PFC short term viewInverse Head and shoulder pattern formed and daily MACD line crossover may happen on upcoming days. Target mentioned on chart.
Vijayaragavan
Kovilpatti.
PFC - Up timeNSE:PFC
PFC has consolidated as it should have. It also completed its H&S. Presently at strong support.
CMP 91.90
Buy above 95
SL 92
TGT 110
PFC Long based on Swing low+TrendPFC has bounced from S/R of 103-104.
It also broke the trend line decisively .
One can go long if it breaks previous swing high at 112-113 range decisively .
