Broken wedge pattern and retest donePFC looks good for short and long term investment for given target.
Let's see..
PFC trade ideas
PFC a great buyPFC is currently on a verge of a 4 year old trendline breakout. Coupled with good fundamentals and a good dividend yield it looks good for an defensive investor. NSE:PFC
longPFC has been consolidating in closed range near important TL.
Above 124 (124.5 for safe traders), it can give major move
PFC Buy Positional & Call OptionsFundamentals are really good.
PE ratio of 4.5 below industrial PE
Great scope for upside
Book Value of more than 225 rs
PFC : Go LongPFC is trying to break its long term trend line, attempted it two time in last 15 days, Next Target would be around 132
PFC, BullishPFC short side target may be less but at right level this can be bought with logical SL. Keep eyes on price and VOL.
POWER FINANCE CORPORATION - LONG - 24 DEC 2020PFC ad triggered a long on 4-Dec-2020 on DYNAMIC- Long Only strategy. The price has not moved much since then and is still in Bullish zone. Current price is in same zone as of 4-Dec and thus worthy of investing at the same time.
PFC - Cup & Handle Breakout - INTRADAY/Short Term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Don't chase the price.
Always plan your trade & trade your plan
Check the idea of ICICIGI linked below to see another CUP & HANDLE Pattern Breakout.
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Triangle Breakout and Retest DoneI can see triangle breakout and Retest done in this
CMP 97.95 Closed above breakout in D time Frame
Targets 104/112/122+
SL 92
Power Finance started journey for 133 🚀 EnjoyEarlier Break Out Was Cup n Handle now journey started For 133 Enjoy hold tight
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.
