BUY  PFC/ SHORT TERM

CMP 142-143/Target 156

Stop Loss 136

PFC has been consolidating on broader triangle pattern within 125-140 band for last 8 weeks

It has bounced back from strong support level near 130 forming a strong bullish candle over last week

Today stock has given a positive break out from this pattern and is trading above break out levels of 141

Stock is expected to move towards intermediate resistance *near 156-157 over next 8-10 days*

Stop Loss of 136 should be maintained from tactical perspective

BY *Motilal Oswal Securities*