nirav5
Short

Bearish BAT in the making on PNB

NSE:PNB   PUNJAB NATL BANK
49 0 3
PNB is a high volatile stock. On its day it can swing big. Currently we are in the D leg if the pattern is valid. In order to make it a valid pattern it should travel near 144 or above. Wait for some rejection between 144 to 146 level before initiating the trade.
Comment: PNB made a high of 145.75. One can initiate the trade when PNB reaches near 146 again with SL of 147 and target of 142.5.
Comment: Kindly adjust X's position as in the below chart.
snapshot
Trade active: Entry point in between 145 and 146.
Trade closed: stop reached: Target remained away for 0.60 . It went till 143.10 and reversed. Pattern went invalid.
India
United States
United Kingdom
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out