Power Finance started journey for 133 🚀 EnjoyEarlier Break Out Was Cup n Handle now journey started For 133 Enjoy hold tight
PFC trade ideas
PFC - Play the RangePFC - Every time it has hit a bottom around 80-70, it has taken a 9-14 month to give 50% plus returns. Dividened of 6%+ yield is a bonus. What else one needs. Now wait for it to fall around 80-90, grab it and treat it like an 1 Year FD.
DISC: Not a SEBI Registered. I post charts for my own study.
PFC (Ready to breakout ?)PFC has been following its trend line beautifully and looks all set to breakout of the area. Market direction might play a big role so please keep an eye on that.
Many things are going to happen through the week US elections, Lockdown across Europe etc. which might kind of drive the sentiments across the board.
Trade with Caution for the week.
PFC has form the Bearish Harmonic PatternPFC has form the Bearish Harmonic Pattern and can test the fib .382 and .618 levels before going upward.
This idea is for education purpose only.
PFC YOU MAY SEE A BOUNCE OR SUPPORT NEAR 86.75 TO 87, IF IT DOES THEN EVENTUALLY MAY BOUNCE TO 92 AND TEST ITS RECENT SWING HIGH
ELSE MIGHT LEAD DOWN TO 81
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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PFC Long call opportunity - Triple confluenceKindly consider this for educational purposes only!!
Kindly do your own research before trading!!
PFC Flag & PolePFC is forming a Flag & Pole Pattern.
After strong upmove, retracement is happening on back of low volumes with price respecting 96.5 levels.
Longs can be initiated once script breaks trendline on back of high volumes with Stoploss of 95 for targets of GAP formation at 115 levels.
Trendline Trade Support Trade in PFCIntraday: PFC Buy above 100 TGT: 100.70/101.4/102.2++ SL: 98.4
Intraday: PFC Sell below 97 TGT: 95.77/94.2/192-- SL: 99.2
PFC at Breakout supportPower Finance Corporation is a very good buy as it has retraced to breakout support. It will hover for 2 or 3 days or it may rally from here. very good buy opportunity.
pfc...long callpfc just broke a resistance level... immediate trade for 102.5 levels... Quick buck
if 103 also broken then further levels are as shown...
PFC - Breakout after long consolidationYou might be thinking that the broader market is flat, so whether you should buy, but that the most fascinating thing about cyclical sector, you never know when they will blast
PFC - Break Out - Will It SustainAfter multiple attempts, PFC breaking above the 86 levels... Will it sustain... A closing above 86 should help to take it to 91.5... ! Above 91.5, 95 is the next target. by which time it should be close to 200 SMA. Then break out above that will be a good bullish one.
PFC - Back to Accumulation ZonePFC Back to its accumulation Zone below 86.!. Good to accumulate till 75! Looks likely that it will stay in this zone now for longer period of time.! But be patient a good dividened yield stock.!
ZONE OF SUPPLY AT 93 / 95 LEVELSZONE OF SUPPLY AT 93 / 95 LEVELS
LIKELY TO REVERSE FROM THESE LEVELS
BEARISH TREND
PFC - Rising SlowlyPFC Weekly looks promising to rise. Likely Resistance Tartget mentioned on chart. The weekly is looking like a Morning Star. A Bullish weekly candle above 86 for the coming week will confirm.
PFC GAME OVERDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
PFC (Power Finance Corporation Limited) BUY ABOVE 123PFC (Power Finance Corporation Limited) BUY ABOVE 123
