Power Finance, Target Reached, 295 % Profit _ Complete AnalysisIn Power Finance Corporation a "Symmetrical Triangle Pattern" formed and Breakout, Reached the Target. Buy in February 2023 at the Price of 113 rupees and Sell in January 2024 at 450 rupees. This Result in a Total PROFIT of 295 % within a Year (11 months).
Powerfinancecorp
Unlocking Potential: Power Finance Corporation Analysis! 💼📈Traders, let's delve into Power Finance Corporation today ! 🌟 In the daily timeframe, we're witnessing a range-bound movement, with the price testing previous swing highs. 🔄 Anticipate a breakout above this level(red box), potentially targeting Rs. 450 and beyond. But before that it may come around at Rs.400 to go up further. PFC appears poised for bullish action! 🚀 Options traders, explore 400 CE or below 400 CE options with ample liquidity. Let's capitalize on this opportunity! 💼📊
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power finance corp buy trade
Price has comepleted Wave 1 and Wave 2 and now Wave 3 is in formation
Accoriding to the Fibonacci Extension we have 161.80% the golden ratio at Price 290.40
So this is the expected Price to reach in the upward direction.
Price has been respecting Demands and moving upward recently this is a fresh Demand formed in which Price should retrace in order to contiue the Uptrend the same Demand is also formed in Daily chart.
ENJOY THE RIDE ! ! !
POTENTIAL MULTIBAGGER OF THE DECADE 1000% 🎯🔥📈Analysis is part technical and part fundamental.
NSE:PFC has been consolidating in a sideways uptrend for almost 13 years. Price has recently taken a rejection from this channel pattern in the month of October.
Going with the price action view, price should retrace all the way back to channel support, around 80-90 levels.
An established support at these levels could present a golden buying opportunity for building wealth over long term.
Alternatively, price breaking out this year could be the breakout of the decade.
Stock's P/E ratio is currently at 2.9 whereas the sector P/E is at 22.
A breakout from this channel has potential for price to go up by 800-1000%
Company has also seen consistent growth in revenue and profits in last 5-6 years.
Do keep this stock in your watchlist. Investment horizon is over 5 years.
THIS COULD BE THE NEXT TATA POWER!
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