The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern for decent return.
Wud love to see yur views on Pnb housing as well ...thanks
praveen.bhatiya
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@naveen_agrawal, PNB Housing Finance I could not find any trade able setup. It seems at important support level. I have drawn some lines for you. if some buying emerges it may form bullish pattern but we can assume buying so let the market reveals what it wants to do.