PNB Buy on Dips with Multiconfirmation indicates Bullish Trade

Updated
PNB Daily Chart
Reason for Bullish view :
1. Multiple Entry on Trendline indicates Buy on Dips. Refer Green Up Arrow.
2. Candle above 200 Moving average indicates bull run about to start for long term.
3. Daily Trendline break out with 200 MA breakout indicates confluence Trade so entred at 39.55
4. RSI Bullish Divergence in Daily Time Frame indicates Bulls are in Power.
5. RSI value above 60 indicates strong momentum.
6. Overall Momentum is Bullish

View : Bullish for long Term / Medium Term / Short Term
Buy @ 39.55
Stop Loss @ 38.00
Target1 : 41
Target2 : 43
Target 3: 45
Target 4 :48 +++++++++++++++++++++++++++++++++++++++++++
Comment
Exactly follwing Trendline as Support.
Targe 1 hit at 41.00
Bullish PatternsbuybuysetupChart PatternsTechnical IndicatorsRelative Strength Index (RSI)rsibullishdivergencersi_divergencersidivergenceTrend Analysis

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