2024-10-08 10:30:40 am | Source: Religare Broking
Stock of the day : Power Finance Corporation Ltd For Target Rs. 556 - Religare Broking
Power Finance Corporation Ltd
* Apparent corrective phase in Financial index where PFC exhibits sighs of weakness.
* Pause at 100 EMA after chunk of selling forming triple top, Follow-on selling is seen. Also manifest breakdown below its support trend line and 200 EMA.
* Previous Supports now comprehend as Fresh resistance as Trend line at 460 zones and 200 EMA
* Stock shall continue with its weakness below 440-445 levels and Traders can consider buying puts to play for further price action in the said range
Buy Power Finance Corporation Ltd CMP 18.60 Range 18-19 SL 11 Target 33
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