August 22, 2015

PFC multiple time frame charts

Trend is down on daily charts ... no buy signal

SEBI disclosure applicable


On weekly charts, PFS is nearing good support at 220 levels ... no buy signal.

Slower pace of correction vs recent rally is a positive sign.


Monthly charts also support this region of 220 as good support (+/- 10%).

Note trend is still up on monthly charts and stock has not broken the low of the master candle formed in May 2014.


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