"PNB : A Good Short Candidate ... {Bearish}" by trader kbmj — published 2018-01-18

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PUNJAB NATL BANK (NSE:PNB)

NSE:PNB PUNJAB NATL BANK

Trend Analysis Chart Patterns Technical Indicators

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Dear All , Everything is mentioned Over the Chart ... Good Luck !!!

Trade active: Nearing 1st target ... Please Do Like For Get More Ideas ... :)

Comment: 1st Target Achieved ...

Trade active: Revise SL to Cost ... :)

Trade active: Made Lows of 168.5 Rs. ... :)

Trade closed: target reached

@KBMJ Will it again follow hourly pattern,Can we short again with SL 179?

mithil_gor

@mithil_gor, Good Idea But Short if it reverses from 180 Rs. Again (Very Less Probabilities) . It will be 4th top ... So Can Expect A Break-Out from it in Upward Direction ... :)

kbmj

@kbmj, noted it.I am at very beginner level in chart analysis, It’s still in daily sell right? I mean in daily chart it touched near by daily selling zone on 18th.So I thought It would still be go down side.Thanks Once again KBMJ👍

What do u mean by whisp-saws?

mishraabhishek869

@mishraabhishek869, If MACD doesn't give A Clear Indication that means It gives Negative & Positive Cross-Over Repeatedly , That is Called Whisp-Saws ... :)

Good one @KBMJ, As always.

mithil_gor

@mithil_gor, Thanks Buddy ... Keep Liking for Supporting ... :)

kbmj

@kbmj, whats ur long term view on this stock..i have bought at 195 levels...will it go back there or should i book my losses...pls help

altitude81

@altitude81, Long Term (1-2 Years View) is Positive ... Can Hold it for 2-3 Times Gains :)

kbmj

@kbmj, thank you