Stock of the day : Power Finance Corporation Ltd by Target Rs. 460 - Religare Broking Ltd
Power Finance Corporation Ltd
Buy Power Finance Corporation Ltd CMP 430.95 Range 429-431 SL 415 Target 460
* PFC has been gradually trending higher, consistently forming higher highs and higher lows, indication of sustained bullish sentiment.
* The stock is making a “W” pattern and recently witnessed an upside breakout which increases possibility of a probable up-move in the coming sessions.
* The stock has crossed above downwards sloping trendline which was providing strong resistance, upside further supported by key moving averages—e.g. 21 and 50-day SMAs.
* Investors may consider initiating long positions within the recommended price range.
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SEBI Registration number is INZ000174330
