Parag Doctor, Head, Trading Strategies of Keynote Capital's told CNBC-TV18, "Power Finance Corporation (PFC) has been making new 52-week lows. It is showing weakness and it is in a major downtrend. It is in a bear market. There was a low around Rs 125 level, so that would be a logical stop loss."
"In case this pullback rally continues, we expect the resistance around the Rs 150-Rs 155 levels. So any rally which comes to the Rs 150 level, one should reduce or keep Rs 125 as the stop loss for all positions," he added.
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