Hello to everyone
The price consolidating in tringle from last 12 years and given fresh breakout towards the upside, also retested in lower timeframe. Chart looking strong in all time frames. Its good opportunity as an investment point of view. Expecting good upmove towards the upside.
#PFC
👉PSU Stock on radar.✅
👉12 years triangle consolidation.📈📉
👉Big...
PFC power finance Good for investment as per my analysis technically.it ready to fly, wait retracement after take postion if u need..185 is target as per in my setup..
Entry / Compounding / Averaging in PFC can be done after closing above 138 closing. The target for PFC will be 142, 148. Long term target in the stock will be 153. Stop loss in the stock can be maintained at a closing below 122.
The Dividend yield of the stock is staggering 9.2% at CMP. Valuation of the stock is affordable as the stock is trading at a PE of 2.5....
As we can see stock forms some kind of inverted H&D pattern and bullish crossover. the last time I've seen this stock traded at 113 was on 29th Oct.
We can plan to enter at 116 or 114 for 3 to 5%. when it breaks its H&D formation it can go further easily 🤞.
make sure Rsi STRENGHT and bullish candle formation on 15min chart when you enter.
educational purpose only!
Context
Price has held above 100 even though volume dropped
Up from May'20 to Oct'21 met supply at 135
Demand re-appeared at 100 in Jul'22
Plan -
to Purchase Breakout above 135
or, rejection indications near 90
PB 0.4x
PE 2x
DE 10x
ROCE 9%
Div 11%
My analysis allow me to take entry on Power Finance Corp from current level NSE:PFC . It is good risk and reward opportunity.
My level to take entry is 104.55, will put small stop loss on 99.85. Will wait till target of 114.
Note: This is my personal analysis, only for learning. Please take advise from your advisors before make any trade.
Thanks.
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...
NSE:PFC has broken out of a triangle on weekly chart with decent volume. As per height of the triangle, 200 could be a conservative positional target though waiting for break of 153 would be better for entry. Only concern is that this is slightly rising formation but not so much so it could still qualify as a right angle triangle.
Price Action on this chart :-
1. Inverse Head and Shoulders breakout.
2. Trendline Breakout with volume.
3. Price taking support on neckline of H&S Pattern.
Buy at CMP of 120 and wait for target of 130.(Gap Filling)
