PFC seems to have ended its bearish run and now is moving along its Support line. Additionally, it is also moving along its long time Blue Support Line. Please consult your financial advisor before making any decisions.
PFC Just gave a breakout from its Red Resistance Line preventing breaching the Green Support Line.
As per Fib levels, it looks as if a reversal has started and a bullish movement could be ahead.
Although the volume was not great, PFC looks as if it has the capability to touch 143-145 levels
Please consult your financial advisor before making any decisions.
PFC Noticed a correction from 153 levels 132 acted as a support based on Fib Levels.
From 18th Dec, PFC has been following a bullish trend, as shown by the Yellow trend line.
Remain Bullish till PFC Breaches the Yellow Trend Line.
Please consult your financial advisor before making any decisions.
PFC is at the support area and the trend line as well. High probability it may take support again from the area and the trend line. A good opportunity to go LONG
counter near important levels.
remember this is a high dividend veilding stock.
multi year trendline breakout may unlock fresh levels.
perfect addition to portfolio for 6 months duration
This is Monthly Timeframe.
PFC is near is resistance of a very long resistance line.
We saw a big breakout in TATA Power from power sector few months back.
Will it happen same with PFC?
The chances are looking bright as it is sideways for years.
And here, RR ratio is also looking good which 1:2 if I kept stoploss near the recent support.
It may also go above it's...
PFC-148.95. It has done triangular breakout. Can be initiated long with SL of 138 for a tar of 166.6 and above soon. RSI, MACD, volumes are also favoring upward movement. This is for educational purpose and any investment advice shall be done with consultation of financial advisor.
Have a solid breakout with good volume, wait for bullish candle to close above the closing price. Can give upmove of 10%.
I am not registered sebi advisor.
Posting only for educational purposes.
PFC has been forming a long term TRIANGLE
pattern, and now it is at the verge of breakout
we can see higher levels after the breakout,
we can enter above 153 and the SL will be right
below the upper trendline, 137-140 will be a support
level, if the breakout fails it might return to the lower trendline
make sure you maintain your SL's if u want to enter
168 nd 190...
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.
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