Multibagger power financing stocks PFC and REC continue downward trend, with PFC down 4% and REC down 2% for second day. RBI s proposal for stricter regulations on project finance leads to sell-off. Analysts remain confident, suggesting no signs of caution for short-term investors.
Power Finance Corporation’s daily trend is bullish to sideways. RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 250 and 270. Let’s plan a trade around this.
Power Finance Corporation Ltd., a Schedule-A Maharatna CPSE that was established on July 16th, 1986, is one of the top non-banking financial institutions in the nation.
Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 33700.64 Crore) operating in Term Lending Institutions sector.