PFC trade ideas
#1 PFC Qty 60
price formed very small base and todays candle tried to break above it
SL- Mentioned on chart
Target- Not defined
Power Finance Corporation-1- Go ShortNSE:PFC CMP:390.25 ; RSI: 45.49
Script is looking weak on charts, Clear weakness was evident as seen by the formation of Descending contracting pattern, which symbolise decreased interest of buyres in the script.
Similarly Head and Shoulder pattern formation is in its last leg of confirmation. Neckline brekout wiil be confirmed if Script breakout below 348 on closing basis.
In near term with a STOP LOSS of 402 short position can be initaited for a downward target of 378-340 & 306;
Can PFC continue??PFC can give a good up move with a decent stoploss and good Targets as it is reversing from a good support. Good for SWING and POSITIONAL trades
ENTRY - 386.5-387
STOPLOSS - 380
TARGETS - 395, 408, 427++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
PFC Head and Shoulder PatternClassic head and shoulder pattern with a pullback towards the neckline.
Can go short at CMP (383) with stop loss at 400 and profit booking at 340.
PFC Sell below 356Sell Below 356 Target mentioned in the chart
Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Crossover Trade - PFC📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is trading at Middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 432
🟢 Target 🎯🏆 - 458
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Unlocking Potential: Power Finance Corporation Analysis! 💼📈Traders, let's delve into Power Finance Corporation today ! 🌟 In the daily timeframe, we're witnessing a range-bound movement, with the price testing previous swing highs. 🔄 Anticipate a breakout above this level(red box), potentially targeting Rs. 450 and beyond. But before that it may come around at Rs.400 to go up further. PFC appears poised for bullish action! 🚀 Options traders, explore 400 CE or below 400 CE options with ample liquidity. Let's capitalize on this opportunity! 💼📊
Thank you. See you again in the next post!
Best regards,
Alpha Trading Station
PFC forming Head & Shoulder PatternIt seems Bull run is over for many stocks PFC is newly added into my Radar. it may not go down instantly as has shown strength over a period , however seems has created high for now and now view is sideways to bearish.. as indicated on chart it appears - forming right shoulder follow up of today's candle (breakdown of today's candle) would be an additional hint. If forms right shoulder and breaks down the pattern , would open target of 328.
Ending Diagonal : Elliott wave Theory | Elliott babaEnding diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is the final movement of the sequence, after an ending diagonal prices are expected to go back to the level, where the pattern had started.
PFCThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This I am not sebi ragister I
PFC is Another PSU Gem which is Really Undervalued--> Prior Uptrend of 88%
--> Consolidated for 6 Weeks with Low Volumes
--> TTM Squeeze
--> Fundamentally Strong PSU Stock
--> Very Undervalued (P/E of 7)
[HP] PFC Short Idea UpdateThe short triggered
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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PFC Upside seen possible upcoming days PFC Sustain above 258.58 more upside seen possible target for 278-313 invalide 238
[HP] PFC Short IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
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
PFCThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
HISTORICLE BREAKOUT on chart of Power Finance Corporation!!!!15 YEAR long consolidation, a perfect triangle pattern on the monthly chart, with beautiful support and resistance and most important- large volumes.
Though it gave BREAKOUT last month, it was facing some selling pressures. This month we got the confirmation of a long upcoming positive trend. After seeing the chart pattern the targets seem to be so aggressive (260, 110 points, 73.77%). We can plan to enter when it crosses this month's high (170.10), as it may again face selling pressure.
PFC - Trade ideas next 12 MonthsBuy PFC around levels of 140-145 INR and SELL for 20% profit or incase you wanted to wait can SELL around at 250 levels.
PFC evening star formation in 1D timeframeEvening star pattern seems to be formed in 1D timeframe
If we have a look at today's low ~275.60 level which acts as an important support level.
Once this level breaks marked levels can be hit
Targets will be marked levels if it breaks 275.60 level
P.S: Please do your own study before trading or investing.
Happy trading:)
