PFC at multiple resistence Pfc is a sell. weekly candle hit resistence. once can sell for a target of 115,112.
PFC trade ideas
Swing Trade in Power Finance Corporation Ltd
Financials
Specialized Finance
Midcap
With a market cap of ₹28,037 cr, stock is ranked 174
Current price is less than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock offers good dividend returns
Good time to consider, as stock is not in overbought zone
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
PFC Ready for take off from the Triangle Pattern's Bottom PFC - one of the good Fundamental stocks - Check tickertape for more,
Formed Symmetrical Triangle Pattern
Now at the bottom of the Triangle pattern
You can invest at this price range and keep the stop-loss @ 97.15 which is the previous Swing Low
Latest RSI Crossed-Over the "SMA RSI"
PFC support re-testingAfter hitting 52-week high now the stock fallen to support zone. Hoping it will again reach 52-week high to re-test the resistance level.
PFC - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALPOWER FINANCE CORPORATION as per Daily chart analysis stock should take a Support at 104.60 as per previous supports and if it continues to break and fall then Below 103 then Target is 99.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
BEARISH: PFCThe stock can see a significant correction
1. The stock is rebounding from a resistance line from which previous rally has seen correction
2. The stock is on the verge of breaking a support line
3. The stock is breaking down the bollinger band and possibly ending a consolidation which was happening over the past couple of weeks
All analysis if only for educational purpose.
[ Positional ] PFC Short Betr: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart tells "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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PFC LONG !
NSE:PFC
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Short PFCAs there is h&s formed we can expect a down fall in coming months.
The Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover. I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
Power Finance Corp, BearishPower Finance Corp looks bearish in short term, considering its correcting from its previous
ATH levels. Historically, the stock has always corrected upto Fib 78% level from its ATH, so
its expected to touch the lower trendline at 90-80 levels, along with Fib level, before
resuming uptrend.
PFC - LongAnalysis done on 2 hours chart. W pattern may form. Harmonic Cypher pattern prediction. Already trendline is broken. Follow entry, SL. Target 1 for conservative traders rest can trail SL.
PFC Looks attractive for dividend PlayThe company was conferred with the status of Navratna PSU by Government of India on 22nd June, 2007. Under the Navratna status, the government has delegated enhanced powers to CPSEs having comparative advantage and the potential to become global players. The corporation is registered as a Non Banking Financial Company with the RBI.
PFC is providing large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, consultancy services etc for various power projects in generation, transmission, distribution sector as well as for renovation & modernisation of existing power projects.
The Ministry of Power, Central Electricity Authority and PFC are working together to facilitate development of Ultra Mega Power Projects with the capacity of about 4000 MW each under Tariff based competitive bidding route. Being large in size, these projects will meet the power needs of number of states through transmission of power on regional and national grids.
The company’s clients are State Electricity Boards, State Power Utilities, State Electricity/Power Departments, Other State Departments (like Irrigation Department) engaged in the development of power projects, Central Power Utilities, Joint Sector Power Utilities, Equipment Manufacturers and Private Sector Power Utilities
Some fundamental ratios :
Market Cap 27,681.25 Cr.
Earnings per share (EPS) 52.01
Price-Earning Ratio (PE) 2.02
Industry PE 3.22
Book Value / Share 285.08
Price to Book Value 0.37
Dividend Yield 9.54 %
No. of Shares Subscribed 264.01 Cr.
FaceValue 10
My view: This is one of My strategy where I plane to buy PSUs at above 10 % dividend yield. I bought REC around 90 where I saw a dividend Yield of 16% , If you see a PSU whose dividend Yiels is more than 15 % than , it is a great opportunity to capture the value.
Simple Trade Setup | PFC | 16/05/22 [INTRADAY]NSE:PFC
I am posting this on request from one of the follower...
Observations:
1) On 1day time frame, it is near critical range which is 104-106. which was working as support in recent days and as well as in past year.
If it breakdown this range then we can see down move.
100 is psychological support level.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
WATCH FOR FALLING WEDGE BREAKOUT !!!!!!!!!!!!!!!!POWER FINANCE CORP HAS FORMED A FALLING WEDGE PATTERN IN A DAILY TIMEFRAME.
the stock is yet to give the breakout of supply zone.
entry can be taken after the stock closes above the price of 118 - 119 in daily timeframe.
we can expect a 11 - 13% return on the stock.
keep an eye
********** PLEASE FOLLOW RISK MANAGEMENT ***************
PFC: Shorting opportunity on Daily TimeFramePFC is in a channel pattern on 1 moth TF since 2010.
On a Daily TF it is following a downward trend line and recently formed a bearish engulfing candle at the trend line, so it could be a good opportunity to short.
Short term target: 104 (next strong support).
Long term target: 80-85 (monthly channel support).
P.S: If market continues uptrend then we might need to look for another opportunity on this.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPFC - Power Finance Corp
Stock correcting from a recent high, forming a falling wedge pattern with support in 110 range
Recently pattern breakout in the chart and consolating from the last 4days in range
Safe Buy above 117 levels for targets of 120-130 levels
With SL of 110 on closing basis
In case of GapUp avoid setup.
Also Stock can be add to gain dividend payout
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
[ INTRADAY ] PFC SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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