PNB long setup

Punjab National Bank long setup on weekly chart

Buy above: 155
SL: 135

Target1: 180
Target2: 200
Target3: 225

Note

PNB on 15m tf is in the process of ascending triangle formation. Lets hopr for a breakout above 155

Trade active

Note

PNB at channel bottom

Note

So far price made a low of 135.65... Very very close to our SL.
We will maintain the same SL and wait for the good bounce from here.

Note

SL not hit. Missed SL by 65 paisa
Fresh buy can be initiated above 146 upon channel re-entry. SL and targets remain the same

Trade active

Trade closed: stop reached

Note

PNB below 132 can fall further

Note

PNB has re-entered the channel

k314

Related publications

PNB long setup in upward channel

by k314

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