A darling of many people who like buying PSU's and highly recommended by several analysts as well.
The stock looks like it could complete a c&h pattern and breakout. Buy only above marked price.
Additionally don't buy in one go but slowly coz its a stock in a stressed sector and failure is very possible.
So as it moves 5% up keep adding would be something i...
Shorting opportunity PFC 1H time frame.
Reason.
1. RSI divergence
2. Price made higher high and touched upper resistance line.
Target 1st 122.80 and second 121.35.
PFC
Every thing is mentioned on the chart.
Analysis is for educational purpose only. Do your own research / or consult your financial adviser before taking a decision.
Take care & safe trading...!!!
Power Finance Corp. Ltd. is a non-banking financial company, which engages in the provision of financial assistance to power sector. It offers fund based and non-fund based policies, and non-fund based consultancy services. The company was founded on July 16, 1986 and is headquartered in New Delhi, India.
PFC
