Buy PFC with 15% upside: Shabbir Kayyumi

With decent volume participation witnessed, we recommend a buy in this scrip around Rs 90 for an upside target of Rs 104 with stop loss of Rs 83

PFC- The stock has corrected from the peak of Rs 108 and currently it has shown signs of bottoming out around Rs 83 levels. Formation of double bottom on hourly chart showing positive moves on upside. Long bullish candle near point of polarity on weekly chart is showing the possibility of bounce back further on upside.

With decent volume participation witnessed, we recommend a buy in this scrip around Rs 90 for an upside target of Rs 104 with stop loss of Rs 83.

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