dravya
Long

PNB - Showing Strength

NSE:PNB   PUNJAB NATL BANK INR2
NSE:PNB             is showing good market structure with rising volume on up-moves. * See those green volume spikes.

Short-term target would be intermediate resistance of 129.
Stop-loss would be a good trendline break .
Trade active: Short-term target of 129 achieved. Would scale-out, though it seems it will trade on higher levels in coming days.
Trade active: Trendline provided support again, and now also above the SR Line, Will hold until close below trendline.
Comment: Leaving this chart now. Will make a new one.
Trade active: more than 10% up now. Well above trendline.
Trade active: Didn't make make a new chart but trade is still active. 155 now. Up over 20% now.
Comment: As mentioned before , will hold until the trendline is broken.
Trade closed manually: Exit. Don't wait for the trendline. I hope you closed it already.
Comment: Exited at peak and now made money shorting ! That's how we do it !!
the target was always 135 for cup and holder
Reply
dravya pandya_parth
@pandya_parth, Hi parth, yeah, you're absolutely correct and we shall see those levels soon. Thanks.
Reply
129 will test i think
Reply
dravya rupambose32
@rupambose32, Yes, more probable. Can even break it and form a base in medium term.
Reply
@dravya, thank you
Reply
dravya rupambose32
@rupambose32, Sure, also look out for banknifty , if stays strong, then hurray :D .
Reply
India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out