PFC trade ideas
Power Finance ShortHead & Shoulder Break and retest complete. Should open up 15-20% downside towards 85. Momentum indicators like RSI also strong
PFC Bullish wolfewave on weekly chart CMP 109 BSE:PFC is good long for a Target of 160 in short to medium term with SL of 100.
All position mention in cash level. Follow strict SL to avoid losses in volatile market.
Happy Trade!!
PFCI will short below 110 with a stop loss of 113 and book profit around 106 (depends on Monday opening)
WHY: weekly and daily the trend is down even it broke the major support on daily frame
WHEN: if it continues the Bearish MACD and if the risk reward ratio satisfies me
I am not SEBI registered adviser this is my personal opinion and this is for my recording only
PFC:: Back bone of Indian Power SectorGoing for mid term, For Long term...We need CSR breakout then stick stock will go strong upside...
Entry 110-125 Sl below 105 Tgt 140-152-186
Positional Levels are:
132 140 152 165 186
Cheers!
PFC : Consolidation breakout - Dark cloud coverScrip had been trading in a channel or consolidation phase since 159 days (5 months approx.) with three reaction lows and two higher highs, now to breakout from consolidation channel with higher volume surge aiming towards TP as mentioned..
However, Dark cloud cover pattern has been formed on day 2 which is bearish candlestick reversal pattern, similar to the Bearish Engulfing Pattern
A Dark Cloud Cover Pattern occurs when a bearish candle on Day 2 closes below the middle of Day 1's candle.
In addition, price gaps up on Day 2 only to fill the gap and close significantly into the gains made by Day 1's bullish candlestick.
The rejection of the gap up is a bearish sign in and of itself, but the retracement into the gains of the previous day's gains adds even more bearish sentiment.
One needs to be wary and it would be necessary to see breakout from 147 levels in order to reach the desired targets with profit book at levels as defined
MACD showing the bullish momentum
Have already stayed invested with the company which has shown progressive results in Q2 and announced interim dividend, too
www.outlookindia.com
SL as per risk appetite
PFC - A possible further fall NSE:PFC has formed H&S shape and has been in weakness for long.
PFC slipping below 116 should go till 93
CMP 120
Short below 115.50
TGT 93
Looks like breakout with positive divergent....May move up!!Explained in chart.....
Disclaimer:
All my post are for educational purpose non-advisory & non-directional....
PFCPFC near Support Zone
Support- 124.5-125.5
If Support held, The stock will try and move towards 130-132
PFC FallingNSE:PFC is at multi-month and multi-year resistance. It attempted to breach the resistance but ended up negative.
Short PFC below 141 for target 128
SL 149
PFC- Breakout and RestestPFC- As I have mentioned in charts, PFC broke its resistance area after consolidation, and retested same area today, At breakout there were good volumes Jump and Today also one can see Volumes bump at the same time we can see RSI had crossed 60 levels and at the time of retest it took support at 60 levels which is strong bull sign. One Can Go Long for 163-168 Target Area with Stoploss of a Close Below 135.
PFC Bearish Shark ???PFC Bearish Shark ???
Short below 142 with 150 as SL
T1 - 138
T2 - 134
T3 - 131
T4 - 125.5
Short term buy call in PFC @ 141Stock has potentially broken its resistance zone around 139 and sustain its level. Keeping target 148, 155 & 165 keep long position for medium term with Sl 131
PFC DOUBLE BOTTOM BREAKOUTDOUBLE BOTTOM BREAKOUT in PFC
One can enter the trade at - 136 - 140 level
With a target till - 154
There can be 2 stoploss- one is at 127,
The other is when the the neckline is breached on closing basis that is 135
PFC - Imperfect bearish batPFC is near its PRZ one can short it below 130
T1 - 126.50
T2- 121
SL - 136
Note - AC ratio is not a perfect fit for the setup.
Long Investment I am looking to buy on any drop with stop 120 for Target of 160+
this is investment for short term time
Regards
PFC - Trending Down It is been observed on the daily chart that the price action is trending down after consolidation. It shall further dip down from current levels.
Target 1 - 120
Target 2- 115
SL-130
Weekly Out look on PFC The stock is sliding towards down ward trend in rang bound i am viewing two possible up coming set up
01) If price brakes and close above 130 the can lead to New higher high and can make till 168 with in couple of week
02) If price brakes the lower level of 112 then can drop little straight till 90.50/91
if price slides with in the range its better to stay away then being in the trade
Lets see how it unfolds form Monday
Regards
