sagarkotecha
Long

Is cup and handle in formation?

NSE:PNB   PUNJAB NATL BANK
pnb
127 0 3
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.
Comment: Continue watching. Looks like marker is done with correction. We can see good upside
Comment: looks like we will see 148-150 before expiry.
Comment: How beautifully is its moving in the pre-drawn handle :) .
Comment: Took little longer root for handle
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