AbhishekHSinghCMT
Long

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

NSE:PNB   PUNJAB NATL BANK
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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
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.

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.

Trade closed manually: Thanks
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Without pullback will it be a false breakout
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@SatyamMishra, I guess pullback has started from 155's - I wrote this update late.
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AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, Thanks for update ,
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SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, sir ji buy above 155. And sell below 148.5?
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SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, can we go ahead above 155 after mins
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@SatyamMishra, Only above 155 but you need to break your position if it starts moving back below 155.
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SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, 155 hey ya fevicol ka jod tutta hi nahin
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@SatyamMishra, Nice 155.
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SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, pattern vaild above 155?
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