#PNB 1D TF Long

PUNJAB NATL BANKNSE

Description

⋅ Mar 21, 2021 7:23 AM

Multiple touches on ascending trendline, Breakout at year-long resistance with supporting volume.
Bearish Crab Reversal. Retracement can be seen towards the breakout zone.
Targets of 44,46 can be seen in short-mid term.

Comments

akshat-w

⋅ Mar 21, 2021 3:23 PM

Hey! can you suggest me a good source for understanding this crab pattern? I've seen it many times but didn't realize it was a thing..

GurleenKaur

⋅ Mar 21, 2021 5:10 PM

@akshat-w, it's based on defined fibonacci ratios.