Stock in Downtrend: Power Finance Corporation (PFC)

4 328
PFC has been in a downtrend for some time.
560 level has been the key resistance which was not able to break on several occasions.
The next strong support is around 480 levels.
If the 480 support is broken, we can expect a further fall.
We can retain the stock as long as 20EMA is above 50 EMA.
However, volume (SELL) keeps falling, which may indicate a good sign.
Nota
PFC has just broken the key support level of 480 with volume.
The next support level is around 454.
Forthcoming sessions are significant in deciding the trade directions in PFC.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.