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Pfclong

Trade Setup - Ascending triangle in PFCThe outperformance of this stock is likely to continue. The stock is gearing up for a ascending triangle breakout. The volume is shrinking (which is ideal during the pattern forming period and should pick up upon breakout) as the price is spending more time inside of this triangle. The stock is getting constant support from the rising trend line and 320 is the upper horizontal triangle boundary. upon decisive close above 320 the stock should swiftly move towards 330-335zone. CMP 316.25 SL 312.5 Target 330
NSE:PFCLong
by neeraj_2_sharma
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!
NSE:PFCLong
by PriceActionSpotter
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