Hi friends sharing weekly chart of Punjab national bank and it is very easy to understand chart for everyone friends, as we can see that after a long consolidation of 4 years price gives a breakout from parallel channel after this breakout price moved good up but took a resistance from previous resistance zone and after it's successfully retested it's breakout zone and got a bounce from there so after this bounce price started again upwards movement so i am planning to go long in this counter for the targets shared on chart for this 69.50 is looking good and strong support for me guys.
Price took 20 Moving average support on weekly chart too
NOTE- Only for Education Purpose.
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Price took 20 Moving average support on weekly chart too
NOTE- Only for Education Purpose.
Please Give A Like If You Like
Comment:
Target one 84 achieved from 74, fantastic gains and still going good for me. So far i am up 13% in this trade
Comment:
Price strongly holding above resistance based target one area and heading towards target two positively. i am considering it is a fresh price range breakout for this trade
Comment:
Price reached to 92 from 74 was gained 24%, So now updating this idea for again a retest that everyone can see that after made and high of 92 levels how it perfectly retest to it's resistance based target one as a support and did not closed below after yesterday's selloff and today's gap down opening gives and example where resistance will turn in to support after breakout
Comment:
Reached 95 from 74 very near about final target trade position up by 28% by this trade friends, By today's gap up did a consolidation breakout too above resistance target i hope soon it will reach to final target which is very old and strong resistance for it
Trade closed: target reached:
All buy targets complete friends, Now i am taking my gains
