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k314

PNB long setup

Long
PUNJAB NATL BANK (NSE:PNB)  
k314 Updated   
NSE:PNB   PUNJAB NATL BANK
Trend Analysis Chart Patterns Technical Indicators pnb punjabnationalbank psubanks BANKNIFTY BANK NIFTY niftyindia
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trendanalysis chartpattern indicator pnb punjabnationalbank psubanks banknifty bank nifty niftyindia
Punjab National Bank long setup on weekly chart

Buy above: 155
SL: 135

Target1: 180
Target2: 200
Target3: 225
Comment:
PNB on 15m tf is in the process of ascending triangle formation. Lets hopr for a breakout above 155

snapshot
Trade active
Comment:
PNB at channel bottom

snapshot
Comment:
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.
Comment:
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

snapshot
Trade active
Trade closed: stop reached
Comment:
PNB below 132 can fall further

snapshot
Comment:
PNB has re-entered the channel

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