VitalismTraders

PNB: INSTITUTIONAL ANALYSIS

Short
NSE:PNB   PUNJAB NATL BANK
1. the market is bearish now because:
a) the market had made a choch
b) the market has made a further bos with fair value gap indicating the presence of smart money : banks, institutions
2. So it is always advisable to follow the current trend, so aim for a bearish entry, (futures)
3. the market has been making a pullback now
4. take an entry only after there is choch in the 1 hour time frame
5. if it breaks above ob with fvg then we can say that the trend has become uptend but until then continue with a bearish view

Knowledge is Wealth !
And We are Here to Provide You with Knowledge !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.