PFC trade ideas
PFC immediate gains can be expected.Look for buying opportunities on dips.
Position can be entered around 124-126, with SL of 120, and Targets of 133+. Do not place targets but trade with trailing SL.
PFCNote:
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
PFC swing trade ideaExplained the swing bet idea on PFC using Fibonacci retracement using 2021 high and low as a reference point on daily timeframe along with trendline on the monthly timeframe.
Symmetric Triangle in PFCNotes:
The stock has been in a symmetric triangle ever since its listing in 2007.
Possible trading ideas are
1) Wait for a breakout and trade in cash (long if candle closes above 137.5, short if it closes below 70.5)
2) Intra-formation trades, derivatives or cash (Go short, scrip bounces off the top trendline and long if it bounces off the bottom trendline.)
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
PFC- This stock amazes meDividend Yield - 7.4%
Market Cap - 34000 cr. Investment in REC worth 14500 cr.
Holding Cash of 8000 cr in books.
Dividend Distribution of 2640 cr for 20-21
Company is growing very fast.
Terrific results for Q4 and FY 20-21.
133 is a minor technical hurdle.
PFC BULLISHSupport and resistance marked on chart. parallel channel also marked
If sustain new level can be seen
PFC, GOOD LONG OPPORTUNITYPFC Has given nice breakout on Hourly charts.
Volumes are strong.
Can be traded for long on retest, Risky can take positions now.
***DO YOUR OWN ANAYLSIS BEFORE ANY TRADE***
Will PFC break 10 year trendline resistance?Power Finance Corporation is forming a symmetrical triangle that is almost 10 yrs old
The movement will be strong if broken on the upside
If Resistance 4 is broken, previous resistances can be targets
Keep SL as per your risk appetite
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Please stay safe. Happy Trading!
Regards,
Segan
PFC 129.5PFC- as per chart It is making cup formation. Top of the cup is at 138. Today it has risen by 3.73% with huge volumes even in falling market. That is very bullish sign. It has also filled the gap formed on 18.3.21 which is also bullish sign. It may go up to 138 with a SL of 123.
PFC CAN BE BOUGHT CMP 125 Sl 120 Good U shaped recovery after fall crossed resistance.....one can imitate long here sl 120...
PFC - intraday longbuy from 121.4 to 120.4
easy target 124.7
t2 - yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
PFC - ASCENDING TRIANGLE BREAKOUT1) Stock is forming ascending triangle pattern and broke the major resistance placed at 123.
2) Refer the chart for levels.
