praveshk2

PFC forming Head & Shoulder Pattern

Short
NSE:PFC   POWER FINANCE CORP
It seems Bull run is over for many stocks PFC is newly added into my Radar. it may not go down instantly as has shown strength over a period , however seems has created high for now and now view is sideways to bearish.. as indicated on chart it appears - forming right shoulder follow up of today's candle (breakdown of today's candle) would be an additional hint. If forms right shoulder and breaks down the pattern , would open target of 328.

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