Power Finance Corp – beaten down but still electric ? (Then & Now Post)
See how our post of 11 Oct returned 35% in a month. We issued a buy call at current levels on 11 Oct when price was 76 after a clear 5 wave up from 67 to 90. Price is now trading at 103.65. The longer term chart is even more interesting.
The labelling on the longer term chart is even more interesting than the Daily chart below. For subscribers only.
Then : Post of 11 Oct when price was 76.
The recent decline from 90 to 72 has been corrective after a 5 wave move up from 67 to 90. This is a bullish pattern for price to rally above 90. This is a valid long trade setup.
Buy : Current levels.
Stop Loss : Below 67
Now : 10 Nov 2018. CMP 103.65
The longer term chart is even more interesting than the Daily chart shown above. For subscribers only.