k314

PNB up trending channel pattern on daily chart

Long
NSE:PNB   PUNJAB NATL BANK
Its been observed that PNB has been following an up trending channel since 24 may 2016.
Considering the fundamentals, current events and upcoming events I am strongly bullish on PNB.

Please feel free to share your thoughts and suggestions on this.

PS: A small violation in the channel pattern was observed on the US election results day (09 NOV 2016) when the candle opened below the channel but closed within the channel thereby holding the channel pattern completely valid.
Order cancelled: Cancelled as the up trending became invalid
Comment: it became invalid in early December

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