DAILY SWING CALL // Tuesday 8th of December 2020 // BSE:PFS
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 21.80
TARGET: 32.70+ (20%)
STOP LOSS: 19.5...
Buy PFS only above 14.95 with Stop-loss at 13.4 for first target of 17.4. Idea is for 14th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. Reason is breakout expected from consolidation zone
MACD line crossover and ADX,RSI positive, Stochastic is in mid range from over sold to overbought region. These indicators will help to move up further. Triangle breakout also may done today.
Targets are
43.64,
44.50,
45.60,
48.57,
50.95,
52.5(if close above it may touch 61.83)
Stoploss:36.5
Vijayaraghavan,
INDITRADE,Kovilpatti.
PFS: 36.70 is at a long term support now, oversold and having a positive divergence.
It is having a strong support at 35. Rs: 43 _ 45 & 48 will be resistances.
