PFC
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!
Do comment your opinions on this! Thank you!
Breakout on weekly chart in PFCNSE:PFC has broken out of a triangle on weekly chart with decent volume. As per height of the triangle, 200 could be a conservative positional target though waiting for break of 153 would be better for entry. Only concern is that this is slightly rising formation but not so much so it could still qualify as a right angle triangle.
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 MIDTERM PROSPECTIVEI would like it to test zone marked in blue line before it makes any bullish move, but their is a possibility of it bouncing from cloud support.
will keep on updating the trade at www.t.me
DISCLAIMER:
The Legal stuff - I'm not financial adviser and all the charts posted are for paper trading .
PS make sure you give me a like, that way you get updates as I post them.... :) <3
You can join my free telegram channel www.t.me