Power Finance Corporation Ltd - Breakout Opportunity
Date: 12-Jun-2024
Rating: Buy - Positional Trade
LTP: Rs. 492.05
Targets: (1) Rs. 559 --> (2) Rs. 660
SL: Rs. 442 on daily close basis
Technical View:
•
PFC is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 559 on 3-Jun-2024, it has retraced 29% to 395.20 level.
• On 12-Jun-2024,PFC has broke out from its secondary down trend with high volume.
• Prices are trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 54.79 and MACD is trading at 11.77.
• Looking good to start a new swing from here.
• All the above observations are noted in Daily Timeframe.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Rating: Buy - Positional Trade
LTP: Rs. 492.05
Targets: (1) Rs. 559 --> (2) Rs. 660
SL: Rs. 442 on daily close basis
Technical View:
•
PFC is in its primary uptrend and was recently going through it's secondary downtrend.• After touching the high of 559 on 3-Jun-2024, it has retraced 29% to 395.20 level.
• On 12-Jun-2024,
PFC has broke out from its secondary down trend with high volume.• Prices are trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 54.79 and MACD is trading at 11.77.
• Looking good to start a new swing from here.
• All the above observations are noted in Daily Timeframe.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Not
3-Jul-2024-------------
LTP: Rs. 531.05
8% up from suggested level.
Not
8-Jul-2024-------------
LTP: Rs. 549.75
1st target of 559 reached. 12% up from suggested level.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.