PFC is moving in an upward channel after forming a base.Recently it touched its upper end of the channel and took turn around towards bottom of the channel.
Short Term:
PFC is moving in an upward channel after forming a base. Now stock is moving towards lower levels breaking its earlier low. One can short the stock on raise to 202 levels with strict closing SL of 203 to see 180 - 174 levels.
Long Term:
PFC is moving in an upward channel after forming a base. Now stock is moving towards lower levels breaking its earlier low. One can short the stock on raise to 202 levels with strict closing SL of 203 to see 180 - 174 levels for shorter term. Once stock find support at previous lows of bottom of the channel @ 170+ levels, one can go long on the stock to see 225 - 240/263 levels in a year or so.Breaking these levels of support at 174 levels, stock may see the bottom of another long term support at 130 - 132 levels where stock seems to be strong buy.Investors who hold the stock can add more at these levels if at all stock come to these levels.
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