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!
