The scrip was trading below multi-year resistance trend line since 2008.It gave a breakout from the trend line in Mar,23. It formed a large bullish candle on a monthly time frame returning 12% in Apr'23 and nearly 35% in last 3 months. The Stock rose nearly 3.40% today hitting ATH which is also a 10-Year High.
Stop Loss: 189 (daily closing basis)
Potential:44%...
PFC Bullish; above 259 on Thursday 2 Nov.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger...
Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:PFC I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 250-255 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a...
--stock gave a solid breakout from 2 months consolidation
--Retest completed
--good for long term curently good
for swing trade
--Buy at CMP
--T-320+,338+
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...
#PFC trading above Resistance of 192
Next Resistance is at 281
Support is at 137
Here is previous chart:
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...
Symmetrical triangle pattern formation in PFC in 15 min timeframe
Please find the levels marked on the chart
If price gives break out:
First target - 277.20 (52 week level)
If price breaks down:
First target - 267.40
Second target - 265.45
Stop loss could be at the end of the wick of the first opening candle.
Happy Trading
Cheers
stock ralling very steeply is not good , and can see selling from the top has started
can be a trap at this levels
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
