Stock Information Portal

Price and trend forecast of PFC for Tomorrow, Weekly, Monthly

Power Finance Corporation Limited

Symbol: NSE:PFC

ISIN: INE134E01011

513.20

As on 2024-05-27

172.15 (52W Low) 521.30 (52W High)

PFC's Today's Performance

Power Finance Corporation Limited started the day by opening at 499.00 today 2024-05-27. Its shares reached a high of 521.30 and dipped to a low of 496.00 in intraday. When the markets closed, PFC’s stock price settled at ₹513.20 per share. Also check out its key support and resistance levels.

PFC Buy/Sell Targets

Tomorrow, buy PFC when its price reaches ₹ 513.20 with a stop-loss order at ₹ 501.08. You can set the target price as ₹ 525.32 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of PFC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for PFC

Downside Targets Value in ₹
Tomorrow Down Target 1 524
Tomorrow Down Target 2 535
Tomorrow Down Target 3 550

Important Levels for PFC

Holding Levels Value in ₹
Tomorrow Up Target 1 499
Tomorrow Up Target 2 485
Tomorrow Up Target 3 474
Based on where the stock opens tomorrow, if PFC opens on a positive note, our first target will be ₹524. If Target 1 is achieved, we will aim for Target 2 which is ₹535.

But if PFC falls below the average value of ₹510.17, you can enter a sell side position with target number 1 - ₹499 and second target - ₹485 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of PFC

Looking at PFC, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, PFC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PFC is moderate bullish.

Tomorrow's Volume based share price Forecast for PFC

PFC's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 140%.

Reversal detection for PFC

Predicted trend chart of PFC tomorrow for price forecast
PFC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹485 in morning tomorrow
Target 1 tomorrow520
Target 2 tomorrow526
Target 3 tomorrow535
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with PFC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if PFC opens on a positive note, our first target will be ₹524.33. If Target 1 is achieved, we will aim for Target 2 which is ₹535.47.

But if PFC falls below the average value of ₹510.17, you can enter a sell side position with target number 1 - ₹499.03 and second target - ₹484.87

PFC's Weekly Targets
1st Up Target 524.33
2nd Up Target 535.47
1st Down Target 499.03
2nd Down Target 484.87

As the week for PFC ended on bullish sentiments, we can expect further continuation of this sentiment. PFC's initial target will be 524.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 499.03 in the upcoming week.

Weekly OHLC Values
Open 499.00
High 521.30
Low 496.00
Close 513.20

Week for PFC started with an open price of 499.00, and the close was at 513.20. PFC reached the highest of 521.30 and dipped lowest up to 496.00 last week. This indicates a bullish sentiment for the week.

PFC full month swing targets
Monthly Up Target 1 549.63
Monthly Up Target 2 560.77
Monthly Down Target 1 473.73
Monthly Down Target 2 434.27

Targets of ₹549.63 can be expected to be reached in the coming month. Once PFC achieved this target, we can aim for the next upside target of ₹560.77.

PFC if fails to hold upside, down targets of ₹473.73 and ₹434.27 can be achieved by end of this month.

For complete three weeks if PFC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as PFC

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

PFC is expected to reach the target of 524.33 in tomorrow's trading session.

After achieving the initial target in PFC, we will aim for higher targets of 535.47 tomorrow.

However, if PFC starts to trade below ₹510.17, then we will shift our focus to the sell side and aim for down targets of 499.03 and 484.87.