PNB - outperform potential. Breaking gann downtrend
PNB took out the downtrend gann channel. If sustains can rally sharply from here
Note
Hedge the risk here with some puts. might be just filling the gap of 15th-16th may before resuming downtrendTrade closed manually
Exit longs - nifty has rallied c. 200 points from lows. Risk reward not great on nifty, cutting longs basis that
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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.