AJAYSHARMA

PFC in an extended 5th wave at minute degree

Long
NSE:PFC   POWER FINANCE CORP
pfc
PFC is an extended 5th wave . There is higher volume in wave 5 and a couple of expanded flats. Wave ((v)) should end at 197 . Very short term target is 158.56 should end with wave 3 and (3) . The current minuscule wave 4 should correct the stock to 150 . but should not go below 148.50 . So buy at around 150 with a stop loss of Rs 148 and a target of 158.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.