Power Finance Corporation Limited (PFC) Stock - Complete Technical Analysis - Nov 07, 2024

Power Finance Corporation (PFC) Stock Analysis: Key Support & Resistance Levels You Need to Know

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Power Finance Corporation Limited (PFC) stock is currently trading at 462, which is 20.34% below its 52-week high of 580 and 77.90% above its 52-week low of 259.7. This indicates a strong recovery from its recent lows. On the technical front, the stock is at a critical juncture. Immediate support can be seen at 447, with resistance near 470. A break above 470 could push the stock towards higher levels like 497 and 540, while a drop below 447 might lead the stock towards 419.

In terms of momentum, the stock shows a neutral stance with the RSI around 48, meaning it is neither overbought nor oversold. The MACD is slightly negative, suggesting the possibility of short-term weakness, though the overall trend remains strong, as indicated by the ADX. The commodity channel index (CCI) is in a positive zone, suggesting some bullishness.

The stock is testing the 200-day EMA and is likely to face either support or resistance around this level. With a strong trend indicated by the ADX, the stock could see more movement, depending on how it reacts to these key levels. Traders should keep an eye on the 470 resistance level for potential upside, while a break below 447 could lead to a bearish scenario.