sagarkotecha
Long

Is cup and handle in formation?

NSE:PNB   PUNJAB NATL BANK
pnb
127 views
3
127 0
pnb
Looks like a nice cup and handle is in formation. Today almost it touched its upper range of support (138) and close nicely at 141. RSI and slow stochastic are near mid which does not indicate any trend so keep watch for few days to confirm the handle formation.
Feb 17
Comment: Continue watching. Looks like marker is done with correction. We can see good upside
Feb 20
Comment: looks like we will see 148-150 before expiry.
Feb 28
Comment: How beautifully is its moving in the pre-drawn handle :) .
Mar 28
Comment: Took little longer root for handle
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