1. PNB has been an underperformer for a long time.
2. Looking at the strength at the current price, the buying opportunity appears attractive with a very small stop-loss.
3. This is not a very high-conviction setup since there is an overhead trendline resistance.
4. Since the risk is minimal, it is worth taking the opportunity. If it reverses, we accept the stop-loss and move on.
⚠️ Disclaimer: This is NOT a buy/sell recommendation for learning ONLY. Views are personal. Please, do your due diligence before investing. ⚠️
🔥 Happy Trading! 🚀
2. Looking at the strength at the current price, the buying opportunity appears attractive with a very small stop-loss.
3. This is not a very high-conviction setup since there is an overhead trendline resistance.
4. Since the risk is minimal, it is worth taking the opportunity. If it reverses, we accept the stop-loss and move on.
⚠️ Disclaimer: This is NOT a buy/sell recommendation for learning ONLY. Views are personal. Please, do your due diligence before investing. ⚠️
🔥 Happy Trading! 🚀
Anubrata Ray ⚡
Related publications
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.
Anubrata Ray ⚡
Related publications
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.