Technical Calls:PFC,Dish TV and Delta Corp

Adding to a losing position – Also known as doubling, tripling, quadrupling down, typically, this means that the trader does not want to admit the trade is wrong. The trader’s ego is at stake as the trader is hoping the markets will “work in their favor”. If you are wrong, you have a near 0% chance of making a full recovery.

PFC

Stock has crashed vertically from 194 to 151. Consolidating in the range of 156-165.

Buy above 161.7 Tgt..

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