Short PNB as the triangle is breached, Bollinger Band was contracting but now has expanded and will do so further because of the triangle's piercing
MACD showed a crossover 2 days before, Dark Cloud Cover candlestick formation with a Bearish Engulfing Candle shows high Bearish Sentiment.
EMA 20 is about to cross EMA 10 and give a Bearish crossover, the difference between them is of 0.09 bps
Closing of 7 DEC is well below 20 DEMA and new shorts were added on 7 DEC.
This makes me Bearish on PNB so go Short.
Happy Trading....
MACD showed a crossover 2 days before, Dark Cloud Cover candlestick formation with a Bearish Engulfing Candle shows high Bearish Sentiment.
EMA 20 is about to cross EMA 10 and give a Bearish crossover, the difference between them is of 0.09 bps
Closing of 7 DEC is well below 20 DEMA and new shorts were added on 7 DEC.
This makes me Bearish on PNB so go Short.
Happy Trading....
Trade closed manually:
ADD PNB'S NEW SL TO RS 60.20 AND WE ARE CURRENTLY AT A NET PROFIT OF ONLY RS 0.55.