PUNJAB NATIONAL BANK
Long
Updated

PNB - You are back at 154.50- Googly returns back from 135

666
Job done below 142 for 135- Slightly surpassed & made lows of 132-133 & Googly returns back at 154-155 -an important resistance zone.

Trading Strategy
Moving above 155 - we will have bullish scenario or wait for pullback in the zone 142-144 - the breakdown point as suggested in earlier update for target 135.

We will look for a support in 142-144 - "if holds" then we plan to buy PNB or we buy PNB above 155 if sustains above for long term target of 185+ & short term it will be ups & downs.

Previous Update - Magic of Google Yet to come below 142 for 135- The magic show done at 135
PNB - Magic of Googly -Yet to come-below 142 for 135
Trade active
15:03 Hrs 11th July2017

Last Price@149

PNB started its magic back again.
Trade active
15:09 Hrs 11th July2017

Last Price@149.50

We book partial profit & wait for next day to sell or below 149 to sell later tomorrow.
Trade active
09:26 Hrs 12th July2017

Last Price@150.50

Pushes to 151.20 High in current session. As expected pushes above 149- next we take sell only below 148.50
Trade active
13:17 Hrs 12th July2017

Last price@151.50

Sell only below 148.50

Turns upside for short term & makes 152 high til current session.

snapshot
Trade active
10:45 Hrs 13th July2017

Last Price@152.40

Day High@154.95

Turns down just below 155 now trading at 152.35 - Bullish above 155 - That is awesome- going below 148.50 -shall continue down.

snapshot
Trade closed manually
Thanks

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.