yossarian121
Long

PNB - outperform potential. Breaking gann downtrend

NSE:PNB   PUNJAB NATL BANK
131 3 2
PNB took out the downtrend gann channel. If sustains can rally sharply from here
Comment: Hedge the risk here with some puts. might be just filling the gap of 15th-16th may before resuming downtrend
Trade closed manually: Exit longs - nifty has rallied c. 200 points from lows. Risk reward not great on nifty, cutting longs basis that
Do yoou think it will go down
Reply
yossarian121 SadashivKashyap
@SadashivKashyap, No that's not what the chart I posted meant - it has outperform potential. But high beta so think futures longs can be hedged with 80 put
Reply
yossarian121 SadashivKashyap
@SadashivKashyap, See latest update
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out