Power Finance Corporation (PFC) is currently trading near a major horizontal resistance zone around ₹430, a level that has acted as a strong supply area multiple times in the past. The stock has shown an impressive recovery from the recent lows near ₹340, forming a strong bullish structure with higher lows and improving momentum. Price is now once again testing the critical breakout zone, making this an important level to watch in the coming sessions. Technical View Price approaching strong resistance near ₹430 Multiple previous rejections from the same zone Strong recovery trend from recent swing lows Short-term moving averages turning supportive Volume participation remains healthy Bullish Scenario A decisive breakout and close above ₹430–₹435 may open the door for the next upside move toward: ₹450 ₹470 ₹500 Bearish Scenario If the stock faces rejection again from this zone, we may see a pullback toward: ₹410 ₹395 ₹380 This is a classic breakout watch setup where the next move could be sharp once price confirms direction. Will PFC finally break this resistance and start a fresh rally? Share your view below. For educational purposes only. Not a buy or sell recommendation.
PFC Approaching Key Resistance Zone | Breakout Rally Incoming?
