Please strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising.
It has recently touched the Monthly High TL.
The downside reversal is confirmed by a Bearish Wolfe Wave.
May be in short term it may bounce till 198. But better avoid until and unless no clear breakout is seen. Rest all updates will be given in the update idea section
Chart & Analysis By - ADARSH DEY
It has recently touched the Monthly High TL.
The downside reversal is confirmed by a Bearish Wolfe Wave.
May be in short term it may bounce till 198. But better avoid until and unless no clear breakout is seen. Rest all updates will be given in the update idea section
Chart & Analysis By - ADARSH DEY
Note
Even PFC Looks Bearish.In fact all power companies seems Bearish. So please be cautious and wait for a proper breakout before investing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.