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...
#PFC trading above Resistance of 281
Next Resistance is at 425
Support is at 192
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
PFC has just broke pennant set-up and ATH is 430. Once 430 is crossed, we can see a movement towards 550. Other factors:
1. Volumes have started picking up
2. MACD is getting positive
3. RSI is showing bullish signs
4. TTM revenue is highest ever, so is PAT
5. Given the Govt expansion plans, we can see PFC playing a major role.
"Clean Charts, Easy...
#pfc #breakoutstocks #VCPpattern #Flagpattern #Lowriskhighreward
PFC : Weekly (1-3 Months) Holding Period
>> Breakout Soon for New Rally
>> Flag Structure
>> VCP Pattern
>> Highly Trending Setup
>> Good Strength & Decent Volume
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and Keep Trailing for more
Disclaimer : This is not a Trade...
