buy above 141 in Intraday and Swing
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before...
can PFC give us good return in near term?
forming head and shoulder, cup and handle at the same time.
personally i will be entering at 140 and will add more after price closes above 150 in daily chart.
Above 150 will be breakout in symmetrical triangle in weekly chart, and will hold for next 1-2 years.
Every now and then you will get a jackpot trade ''WHICH CAN FLY WAY ABOVE YOUR IMAGINATION''
MAKE A TRADE PLAN WHICH INCLUDES ''TRAILING STOPS''
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
PFC likely to take a breakout form current resistance levels. A Long candle formation near resistance looks strong. Entries may be done post breakout once stock price sustains above breakout levels fallowed by decent volume
Stock is trading near its multi-year resistance of 135-136 levels..also has formed inverted H&S pattern on weekly chart. Now, one can keep this in watch-list and watch for any breakout and closing above its resistance for long positions. Also consider as long term holding, since it has promoters as majority stakeholders and also with high institutional (FII/DII)...
On a Daily Chart, PFC shows breakout above 130 of cup and handle pattern's neckline. After this breakout seen retracement upto the breakout level. Expected it will continue its uptrend upto 162+ in upcoming few trending session. Can go long in this trade above 130 for target of 140,150 and 162+ with stop loss @120.
PFC in weekly time frame head and shoulder pattern formed(breakout entry)
- incase close weekly candle 137to 140 above ...then itz possible to clear uptrend ...
Target1 -150
Target 2- 170
Note- it is depends on market condition....
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
BUY : 126 TO 135
TARGET : 162 TO 185
Reason For Buying This Script :
In this script it is forming ascending triangle pattern in monthly time frame. Now it is waiting for breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
PFC has given symmetrical triangle breakout on daily time frame. Also, given 2 symmetrical traingle breakouts on 1 Hr timeframe.
Looks further bullish above 136
Target 140 / 148
Stoploss 131
![PFC: [Short Term]Cup & Handle Pattern in PFC (Target -162+)](https://s3.tradingview.com/f/fHT16XgN_mid.png "[Short Term]Cup & Handle Pattern in PFC (Target -162+)")
