PFC– At Resistance with Ascending Triangle Pattern

١٤ يوليو

Power Finance Corporation (NSE: PFC) is forming a technically clean structure — trading within a rising trend channel and now testing a critical resistance zone around ₹430–₹440.
This is a make-or-break level, and the market could tip in either direction depending on how price reacts this week.

1. Chart Structure Overview

• Support Zone: Defined by a rising green trendline connecting higher lows since March 2025.
  
• Resistance Zone: Red band between ₹430–₹440, where price has previously reversed multiple times.
  
• 200 EMA (Blue Line): Currently hovering around ₹423, adding confluence as a dynamic support/resistance level.
  
• This convergence makes the current price zone crucial for directional confirmation.
  

2. Two Trade Scenarios
Scenario 1: Bullish Breakout (Trend Continuation)

• If the price breaks above ₹440 with strong bullish candles, traders can look for:
  
• ✅ Entry after a confirmed breakout + re-test of the ₹430–₹435 zone
  
• 🎯 Target Zones: ₹455, ₹470+
  
• 🛡️ Stop Loss: Below the swing low of the re-test (₹425 or as per price structure)
  

🔁 Risk/Reward: 1:2 or better

Scenario 2: Resistance Rejection (Short-Term Pullback)

• If the price fails to break above ₹430–₹440 and shows reversal patterns:
  
• ✅ Entry on confirmation (e.g., bearish engulfing, rejection wick)
  
• 🎯 Target Zones: ₹410 (near rising trendline), possible extension to ₹400
  
• 🛡️ Stop Loss: Just above the resistance (~₹442–₹445)
  

🔁 Risk/Reward: 1:2 to 1:3 depending on entry

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١٤ يوليو

ملاحظة

14/07/2025 - Market Update

- On 15 Minute Timeframe, It's showing head and should pattern
- Strong rejection from resistance level
- Currently trading near neckline of pattern
- Breakdown leads strong downside rally
- Can enter at breakdown level or wait to re-test

١٤ يوليو

ملاحظة

Trade Updates:
- Given neckline break of Head and Should pattern
- Breakout entry or wait for re-test

*Waiting for pull back upto break level

١٤ يوليو

ملاحظة

- As expected PFC Given a good pullback towards the head and shoulder Neckline
- Wait for Bearish candle near neckline for pullback entry

١٥ يوليو

تم فتح الصفقة

15/07/2025 - Market Update
-As expected give good re-tracement upto the break level.
- Evening start candlestick pattern occured at resistance level
- Focusing Short position for 1:2, 1:4+ , 1.6+ Target