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!
Trade closed: stop reached
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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.