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 :)
13 year triangle breakout on PFC. PFC has been consolidating in a range since 2010. Breaking through 146, it just gave a 13 year triangle breakout and rising since. Recently made a new all time high. A long way to go from here. Should easily surpass 800 and 1000 in the next few years.
Stock Name - Power Finance Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 220
#This is not Buy and Sell recommendation to any one. This is...
