🔵Stock has moved out from falling Trendline
🔵PSU will be in action due to elections
🔵Strong December Quarter results and expected to remain same
🔵Short term move expected to resume towards 440-480-500
PFC has major support at 380.It had bounced back from this level in past. However, this time it didnot show any resistance and broke 380 level with ease. Even bounce back is not expected. It might go deep down. The price at lower level may hit 280 level in next 2-3 months. Stop Loss for this trade shall be at 390 level.
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PFC seems to be giving head and shoulder pattern breakdown at 390 support zone.
If sustains below 385 for 4 hrs then we may see further downside.
Target : 370 (immediate), 305 (positional)
📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is trading at Middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 432
🟢 Target 🎯🏆 - 458
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain...
Monthly triangle breakout!!!
Enter early to have small SL
Even if SL is hit try to re-enter after another breakout
Entry: CMP
SL: 130
Target: 1:2 and Trail SL to get bigger targets.
Stock prices usually move higher if they break out of Slanting line breakouts.
Check Varun, Sun Pharma ( Not telling to take entry now ). Similar happening now in Vaibhav Global.
Once it breakouts expecting a 20% target around 490 - 500. Accumulate till 380. Keeping a bit long SL 370-368.
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:PFC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my...
--Demand zone
--sector in focus
--darvas box
--Target 550
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and...
#PFC trading above Resistance of 431
Next Resistance is at 526
Support is at 340
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
