PFC trade ideas
[Diary] Price Action BoxesAlmost all of them including international market has the same pattern! Pinbar and Inverted Pinbar. One is continuation of uptrend, One will trigger a sharp fall.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
PFC: Long Positional Opportunity for another 25-30%Power Finance Corporation (PFC) is looking good for both short and long term. Looks like a fresh cup and handle breakout pattern is done.
CMP - 517
Target - 600+
Keep tight SL of 470.
This is not a buy/sell recommendation. Please do your own research before acting on it.
PFC 1DAYa large red candles with the large amount of volumes
are act as a strong support and resistance
we can check in smaller time frame.
.
.
.
.
.
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.โผ๏ธ
PFC PFC might give a good upside move for swing to positional trade opportunity with a small STOPLOSS and for good Targets
ENTRY - 469
STOPLOSS - 466.75
TARGETS - 485, 490, 500++
Entry only above 469 or when it sustains above that with that stoploss
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou.
Power One...This stock has been performing exceptionally well and has reached a crucial resistance level that may soon break. This presents a great opportunity to add to your portfolio for the mid-term. I'm referring to POWER FINANCE, which has been delivering consistent returns and is currently at an all-time high.
THIS IS PFC IDEA FOR TRADINGAs 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 ๐ค.
make sure Rsi STRENGHT and bullish candle formation on 15min chart when you enter.
educational purpose only!
Power Finance Corporation-1- Go ShortNSE:PFC CMP:390.25 ; RSI: 45.49
Script is looking weak on charts, Clear weakness was evident as seen by the formation of Descending contracting pattern, which symbolise decreased interest of buyres in the script.
Similarly Head and Shoulder pattern formation is in its last leg of confirmation. Neckline brekout wiil be confirmed if Script breakout below 348 on closing basis.
In near term with a STOP LOSS of 402 short position can be initaited for a downward target of 378-340 & 306;
Can PFC continue??PFC can give a good up move with a decent stoploss and good Targets as it is reversing from a good support. Good for SWING and POSITIONAL trades
ENTRY - 386.5-387
STOPLOSS - 380
TARGETS - 395, 408, 427++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
PFC Sell below 356Sell Below 356 Target mentioned in the chart
Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Crossover Trade - PFC๐ Script: PFC
๐ Sector: Finance
๐ Industry: Finance - Term-Lending Institutions
Key highlights: ๐กโก
๐ Script is trading at Middle band of BB.
๐ MACD is giving crossover .
๐ Double Moving Averages will give crossover.
๐ Right now RSI is around 56.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 432
๐ข Target ๐ฏ๐ - 458
โ ๏ธ Stoploss โ ๏ธ๐ซ - 416
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ
Unlocking Potential: Power Finance Corporation Analysis! ๐ผ๐Traders, let's delve into Power Finance Corporation today ! ๐ In the daily timeframe, we're witnessing a range-bound movement, with the price testing previous swing highs. ๐ Anticipate a breakout above this level(red box), potentially targeting Rs. 450 and beyond. But before that it may come around at Rs.400 to go up further. PFC appears poised for bullish action! ๐ Options traders, explore 400 CE or below 400 CE options with ample liquidity. Let's capitalize on this opportunity! ๐ผ๐
Thank you. See you again in the next post!
Best regards,
Alpha Trading Station
PFC forming Head & Shoulder PatternIt 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.