Observing a Near to Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
PFC trade ideas
Power Finance Corp. Ltd.Power Finance Corp. Ltd.
C&H / RB Pattern: Yearly Basis
Price BreakOut. Good to Go!!!
Continued Vol. BuiltUp.
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot:*
Estab. in 1986: A GOI owned NBFC to finance Power Sector.
GOI hold 56% stake. Increasing FII/DII stake since Sep’22. Also owns 53% stake in REC Ltd.
Improved RoA/RoE/RoCE for FY22 vs. FY21. Manageable ALM. High Dividend Yield Stock.
Past 1 Yr: Resolved 5 Stressed Assets = Rs.59.6bn.
Improved GNPAs / NPAs: 4.2% / 1.2%. CAR / Tier I CAR: 24.41% / 21.34% (Dec’22)
O/s loan book Exposure: Rs.3933 Bn (Dec’22).
*Concern:*
Major concentration: Power sector.
Higher haircut with delayed resolution.
Slower than anticipated demand pick-up in project financing.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
PFC (15year breakout)( Price breakout still to come but will for sure from now )
PFC on verge of 15Year pattern breakout as the stock formed symmetrical triangle pattern on larger time frame here it is 3m as to fully accommodate the chart on screen. Now PFC looks strong as :
CMP 154
TGT - ATH later trail SL
Calculated target 300+
SL below 130
Other buy factors:
Low PE
Increased FII Holdings
Decreased public holdings
High book value
Constant promoter holdings
Good potential 🙂
Note : Just an idea not any personal recommendation for the stock mentioned its just for education purpose.
PFC FRESH BREAKOUT !!!Hello to everyone
The price consolidating in tringle from last 12 years and given fresh breakout towards the upside, also retested in lower timeframe. Chart looking strong in all time frames. Its good opportunity as an investment point of view. Expecting good upmove towards the upside.
#PFC
👉PSU Stock on radar.✅
👉12 years triangle consolidation.📈📉
👉Big upmove possible as investment
👉Support at 130
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
PFC Positional View Weekly Analysis @ 09-01-2023After 16 Years Strong Breakout in Power Finance Corporation in Weekly Time Frame With good Volume
I Shared what i Seen in Chart, hope this helps You in Learning, I am Expecting 2X to 3X Moment From Now in PFC
Thank You Universe 🙏🙏🙏💐, Thanks to all my Teachers....🙏🙏🙏💐
PFC looking strong.Entry / Compounding / Averaging in PFC can be done after closing above 138 closing. The target for PFC will be 142, 148. Long term target in the stock will be 153. Stop loss in the stock can be maintained at a closing below 122.
The Dividend yield of the stock is staggering 9.2% at CMP. Valuation of the stock is affordable as the stock is trading at a PE of 2.5.
The negative aspect of the company is that MFs have decreased their stake off late and the net cash flow of the company is decreasing.
The positives of the company are that FIIs are increasing stake. As mentioned dividend yield has historically been very high for PFC. Net Profit of this PSU is increasing since last 2 years.