PFC: Daily Ascending Triangle High Conviction Breakout WatchPower Finance Corporation LimitedNSE:PFCMujadidPFC is currently consolidating within a classic Ascending Triangle on the daily chart. While the stock has faced consistent selling pressure near the ₹374–₹380 resistance zone, the rising support line confirms that the bulls are absorbing all available supply at higher prices. This structure reflects strong demand absorbing the available supply, coiling for a significant directional move. Trade Plan Breakout Trigger Daily close above ₹382 (confirming a clear break of the multi-tap resistance). Entry Above ₹383 after daily candle confirmation. Stop Loss Below ₹358 (placed below the 20-day SMA and the recent higher low). Target Triangle height ≈ ₹50 Target zone: ₹430 – ₹435 Risk–Reward Entry ~ ₹383 SL ~ ₹358 Risk ~ ₹25 Target ₹430 = ₹47 Target ₹435 = ₹52 Risk–Reward ≈ 1 : 1.9 to 1 : 2.1 Notes Volume: Watch for a significant volume spike (ideally >5M shares) on the breakout day to confirm institutional participation. Catalyst: The quarterly results (Q3 FY26) are approaching; this fundamental event often acts as the trigger for such technical setups. This is a classic volatility compression pattern. When the resistance at ₹380 finally gives way, the upward move is expected to be fast. Not financial advice. Always manage your risk.