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
PFC trade ideas
PFC - Play the RangePFC - Every time it has hit a bottom around 80-70, it has taken a 9-14 month to give 50% plus returns. Dividened of 6%+ yield is a bonus. What else one needs. Now wait for it to fall around 80-90, grab it and treat it like an 1 Year FD.
DISC: Not a SEBI Registered. I post charts for my own study.
PFC (Ready to breakout ?)PFC has been following its trend line beautifully and looks all set to breakout of the area. Market direction might play a big role so please keep an eye on that.
Many things are going to happen through the week US elections, Lockdown across Europe etc. which might kind of drive the sentiments across the board.
Trade with Caution for the week.
PFC YOU MAY SEE A BOUNCE OR SUPPORT NEAR 86.75 TO 87, IF IT DOES THEN EVENTUALLY MAY BOUNCE TO 92 AND TEST ITS RECENT SWING HIGH
ELSE MIGHT LEAD DOWN TO 81
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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PFC - Break Out - Will It SustainAfter multiple attempts, PFC breaking above the 86 levels... Will it sustain... A closing above 86 should help to take it to 91.5... ! Above 91.5, 95 is the next target. by which time it should be close to 200 SMA. Then break out above that will be a good bullish one.