--Buy Above =35.85 or CMP --Target = 56.75 --Stop-loss =30.20 --R:R = 3.7 --Expected Profit = 58 % --Expected Holding = 3 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌
====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕
1) pnb is in range now & having a really high volumes after the fake breakout 2) Kind of a double bottom & accumulation zone 3) Trendline is also broken 4) target is somehow based on resistance zone as well
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Comment
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3 doji with really large volumes till now ...something is going to happen for sure BE PREPARED !!!!👍
Nice, It is in my watchlist also since a week .. I am sensing it is strong buy if it close above 38.75 coz of resistance
ReviveTraders
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@Thisisshelby5, perfect, even i was thinking to enter above 38 but because of rising volume i have taken it before
ANKITHSHAJU
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@Thisisshelby5, don't wait for technical breakout....if u are confident u can enter....The stock was in bullish mood
varadtambolkar
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Sirji Major PSU banks have bult a base, downside is much limited. from long term view good levels to accumulate.
ReviveTraders
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@varadtambolkar, yes you are right , looks like you are full time trader according to your knowledge
varadtambolkar
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@tradethetip, no not et yet full time, as of now I am student. Please check Indian Bank idea. posted some weeks back. Same view as yours in PNB
mukeshsingh92
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@varadtambolkar, Yes... i sensed this rise in PSU bank, 5 days back...........booked excellent profit in Bob, Sbi and little profit in PnB..........so today I bought heavy positions in cash..