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Power Financial Corp

Discussion in 'Technical Analysis' started by sachinmore08, Jun 18, 2012.

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  1. sachinmore08

    sachinmore08 New Member

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    PFC seems to be very promising technically as well as fundamentally.
    At current price it is forming breakout pattern from its 30th Apr 170.15 level. If this is broken one may bet on it with Stop loss of around 193. What say guys?

    Regards,
    Sachin
    Happy investing!
     
    sachinmore08, Jun 18, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    I think it has formed a perfect W and so it can be bought but with a strict stop loss of 150 which is the peak of the W. Just remember that this stock is in a long down trend and so if you are playing for a sharp bounce, opt for a strict stop loss as well.
     
    shabbir, Jun 18, 2012
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  3. monilhathi

    monilhathi New Member

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    Can I buy at the current levels to cover my losses? I had bought @193. Is it also fundamentally strong? If yes, I can wait for a year.
     
    monilhathi, Jun 25, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    I suggested the levels you should be entering into it already and what matters is stop loss.
     
    shabbir, Jun 25, 2012
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  5. sachinmore08

    sachinmore08 New Member

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    PFC broke yet another resistance level of 175...may see further upside.
     
    sachinmore08, Jun 29, 2012
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  6. masihpatel

    masihpatel Active Member

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    has a target of 225.
     
    masihpatel, Jun 29, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Share the basis of your targets as well.
     
    shabbir, Jun 30, 2012
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  8. masihpatel

    masihpatel Active Member

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    As a financer to power company, recent power terrif hikes in delhi and soon other will follow this, indirectly it will benefit to PFC or other power financing company, that is what I heared by some experts on TV.
     
    masihpatel, Jun 30, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    Again that does not reveal why 225 and not 230 or 220.
     
    shabbir, Jun 30, 2012
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  10. monilhathi

    monilhathi New Member

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    Agree. News can jack up the price momentarily. What are the justifications for 225?
     
    monilhathi, Jul 2, 2012
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  11. drsuraimardi

    drsuraimardi New Member

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    I bought PFC @171.83 on 28/06/12 and sold it on 6/07/12@188.10.However my target for short term was 196-200.My slogan is BOOKING PROFIT IS TRADER'S RELIGION.Because stock market is volatile.Fibronacci levels showing 61.8% level around189.81 and 78.6% level around 204.But you have to take your own decisions .Due to the nature of the news coming out I thought I should play safe by booking profits soon.If you can wait for long it's your choice.Now my money is released for other options
     
    drsuraimardi, Jul 8, 2012
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  12. shabbir

    shabbir Administrator Staff Member

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    ALWAYS. Never regret the profits you may have made because if you are having cash, you can spot more opportunities as well as sleep with peace.
     
    shabbir, Jul 8, 2012
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