kskanth32

PNB Is it aiming for a long term resistance zone @ 60?

Long
NSE:PNB   PUNJAB NATL BANK
Is this counter aiming for a long term resistance zone of 60? Watch this chart. If sustains 60 the level of 100+ should take it to 180+ but before all that it should immediately try to test the long-term resistance zone (which is the earlier support zone ).

I will share the Bullish Harmonics plotted on the weekly chart (though it's Incomplete - a kind of preempting probability of risk-reward should always be in favor of traders)...

So, it is suggested to go on Cash...

Buy with a stop of a close below @ 25

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.