SWING IDEA - PFSStock NSE:PFS has had a MACD crossover in the weekly timeframe. This could indicate the stock to start going up in the coming weeks.
Although keep note of the Market sentiments this week, as it could impact this stock's movement too.
If all is well, this could go up all the way until its Swing High levels too.
PFS trade ideas
PFS - Ichimoku BreakoutStock Name - Ptc India Financial Services 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 42
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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PFS for swing trade A good consolidation can be seen after a good move, a good breakout can give atleast 15% from the breakout level. keep watch. Also on daily timframe its a massive breakout, one can buy at retest levels. Its a flag pole pattern on daily tf.
Buy - 33 and above ( swing )
- 29 ( short term )
Tgt - 10% for swing
- 35% for short term
Stoploss - 32.55 ( swing )
- 27.35 ( short )
-- DISCLAIMER --
I am not a financial advisor or SEBI-registered
This is just a view
Please DO YOUR OWN RESEARCH before investing in any stock
Happy trading
Peace
PTC INDIA BREAKOUTNSE:PFS has a good price action structure. It was consolidating in a bullish ascending triangle pattern from which it broke out and gave huge momentum.
Volumes are the highest since 52 weeks. A good sign of strength.
Similar to Adani green, I expect some sort of retrace in the coming days to make a fresh entry.
Stop loss placed below the recent swing low for now. Adjust according to future entry by placing below trendline.
Targets: 30/35+
sl: below 19.3 or below trendline
Position size accordingly. Don't jump in. Let go of trade if price doesn't retrace. HAPPY TRADING!