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Power Finance Corporation Limited

Discussion in 'Technical Analysis' started by chequesuraj, Jul 15, 2013.

  1. chequesuraj

    chequesuraj Member

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    Hello Friends,

    Power Finance Corporation Limited

    Spotted "W" chart formation in this script...but today saw some profit booking might be resistance at 149+ level...need some thoughts on this script...

    Is it a good buy...? pls correct me on following:

    CMP - 147.55
    SL-138
    Target - 165+

    - Suraj
     

    Attached Files:

    chequesuraj, Jul 15, 2013
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  2. shwetagnema

    shwetagnema Active Member

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    in my opinion, it's not W but a lower top lower bottom....so not a buy at all
     
    shwetagnema, Jul 16, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    Its not lower top lower bottom but a W after a sharp move and so you should be having a very strict stop loss on long position
     
    shabbir, Jul 16, 2013
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  4. chequesuraj

    chequesuraj Member

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    thanks Shweta, Shabbir...will keep eye on this script...
     
    chequesuraj, Jul 16, 2013
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  5. sainath85

    sainath85 Member

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    Hello suraj- pls wait for some more trading session to get clear picture
     
    sainath85, Jul 17, 2013
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