Power Finance Corporation

Technical Desk Call : 08 Aug 2014

Positional Call -Strong Buy above 272.50 Stoploss 259 Target 288 

Remarks: PFC on daily chart looks pretty good for time being as it is now consolidating around 265 - 272. this counter has given healthy profit booking from its recent high of 344 to 256 low and now hovering around 270 level. if we plot retracement level on daily chart from its high level than 38% retracement level comes to 288 which we are expecting the counter to touch this level in coming days. we advise clients/traders or investors to trade after reading our disclaimer.