PFC: Bullish Breakout with Raghanseda Project Development

1.Chart Pattern:

• The stock has broken out of a downward-sloping trendline after a prolonged consolidation phase within a rectangle pattern (yellow box).
  
• This breakout is supported by higher volumes, signaling strong buying interest.
  

2.Fundamental Trigger:

• Power Finance Corporation has incorporated an SPV for the Raghanseda Transmission Project, enhancing its growth outlook.
  

• 3.Technical Levels:
• Current Price: ₹512.20
  
• Immediate Support: ₹499.95 (near breakout zone).
  
• Critical Stop-Loss: ₹472.95 (below previous support).
  
• Upside Targets: ₹527.45 (minor resistance) and ₹556.00 (major target, ~11% upside potential).
  

4.Indicators:

• RSI is trending upwards, indicating positive momentum but not overbought.
  
• Moving averages are aligning for a bullish crossover, supporting further upside.
  

5.Projection:

• If the price sustains above ₹500, we could witness a rally towards ₹556 in the near term.
  
• Traders may consider entering on pullbacks near ₹500 with a stop-loss at ₹472.95.
  

Risk Disclaimer: This is for educational purposes only. Conduct your own research before making any trading decisions.