Trade with the Trend :-
After Colgate in the 1st Post , now comes the 2nd Stock
" Power Finance(PFC)"
In
the Daily Chart it has Already Given the break out,but there is minor
resistance at 165--a gap,which is to be filled so closing above the same
can confirm the further Up run in the stock.
A major confirm for the short term can be check out in Weekly Chart a close above 169.
So Closing above 165(Daily) & 169 (Weekly) once confirmed a stock can trend upto minimum 193-210 odd levels.As there are many hurdles around 205-215levels.
By the time there a Monthly chart will come in force for the support,Above 226 stock will outperform for higher target of 270-280 Levels.
Proper Stop to be Maintained
Evaluate the Risk Appetite before any over committeed position
All the Best
Rahil Vora !!!
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