Power Finance

PFC and REC often 10 to move together for some reason. The Pharma sector itself may have ended a multiyear consolidation pattern is also seen in the case of Tata Power. For this reason, many of them deserve long-term discussions under the Value wave investment section. Power Finance as shown below is completed a complex pattern that ended in wave Z of a triangle. This is a classical Elliott wave based on how complex correction is complete especially in 4th waves. Prices have now broken out of the top end of the triangle above 124 as a new impulse wave is developing and maybe starting wave 3 in the short-term. Last week the weekly momentum indicator crossed over to the buy-side.