PFC on support now we can deploy netural strategy here both long 107.5 ce pe and get return of 10%
+3x 29AUG2019 107.5CE - ₹ 5.2
(0)
+3x 29AUG2019 107.5PE - ₹ 4.7
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -184,140
Breakevens
97.6-117.4
Estimated Margin/Premium
₹ +184,140
I see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
The chart is showing clearly made "Head & Shoulder" reversal pattern and trading below the neckline. One can use it and short the stock at current level for the target of 116/111.5. RSI is also below 50 confirming the shorting decision. It offers a good Risk to Reward Ratio.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for...
Power Finance Corporation Limited is a non-banking financial company engaged in business of financing companies. The Company's principal products/services include interest on loans and income from other services. The Company's principal business is to provide financial assistance to the power sector. Its fund-based financial policies/products include takeout financing, asset acquisition, bridge loan, buyer's line of credit, credit facility for purchase of power through power exchange, financing of fuel supply projects and equipment manufacturers, lease financing for purchase of equipments, lease financing for wind power projects and line of credit for import of coal. Its non-fund based financial policies/products include guarantee, letter of comfort and policy for guarantee for credit enhancement. The Company also provides consultancy and capital advisory services. Its subsidiaries include PFC Consulting Limited, PFC Green Energy Limited and PFC Capital Advisory Services Limited.
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