PFC trade ideas
Power finance corporation target 150Buy pfc at range of 120 to 125... target 150... pfc has reached strong support and bounced back from 120.... medium to long term target is 150... positional trade is good . accumulate the stock every 10rs upmove and exit at 150rs...
PFC : CAUTION - May fall from herePrice Divergence seen on daily TF. Careful in open position or taking new position.
Disclaimer :- Kindly do you own research before taking any position. Market is all about probability, maintain you SL stickily.
PFC ViewsAs described in Chart Drawing for educational purpose. Not an investment or a trading advise.
After Friday's close above 135...After Friday's close above 135, there is possibility of #PFC to reach 169 / 170 price level. Lets see...
PFC : Dont short at wrong placeStock may get weak. However do not short this at wrong price. At bottom side several price it shows support and it may retrace at few price and may continue to fall. However keep your eyes on price. If you are short on this stock than let it retrace and then go for short.
Disclaimer :- Kindly do your own research before taking any position. Market is all about probability, maintain you SL stickily.
Broken wedge pattern and retest donePFC looks good for short and long term investment for given target.
Let's see..
PFC a great buyPFC is currently on a verge of a 4 year old trendline breakout. Coupled with good fundamentals and a good dividend yield it looks good for an defensive investor. NSE:PFC
longPFC has been consolidating in closed range near important TL.
Above 124 (124.5 for safe traders), it can give major move
PFC Buy Positional & Call OptionsFundamentals are really good.
PE ratio of 4.5 below industrial PE
Great scope for upside
Book Value of more than 225 rs
PFC : Go LongPFC is trying to break its long term trend line, attempted it two time in last 15 days, Next Target would be around 132
PFC, BullishPFC short side target may be less but at right level this can be bought with logical SL. Keep eyes on price and VOL.
POWER FINANCE CORPORATION - LONG - 24 DEC 2020PFC ad triggered a long on 4-Dec-2020 on DYNAMIC- Long Only strategy. The price has not moved much since then and is still in Bullish zone. Current price is in same zone as of 4-Dec and thus worthy of investing at the same time.
PFC - Cup & Handle Breakout - INTRADAY/Short Term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Don't chase the price.
Always plan your trade & trade your plan
Check the idea of ICICIGI linked below to see another CUP & HANDLE Pattern Breakout.
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
