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.
Positional Call -Strong Buy above 272.50 Stoploss 259 Target 288
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Alert: from last two days this counter is facing stiff resistance around 276-277 area, so we believe that once this minor hurdle is breached on higher side the counter is poised to go on much higher level in coming days.
ReplyDeleteKeep close watch on this level.
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