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WaveTalks
Jun 17, 2017 6:21 PM

PNB - Magic of Googly -Yet to come-below 142 for 135 Short

PUNJAB NATL BANKNSE

Description

154.50 Key Level - Looks like unfolding a triangle -if goes close to 152-153 should remain below 154.50 - Googly or doosra can turn again from highs of 152-153 holding 155 on top can fall to 146- Below rising trendline to 142 lows & below 142 for 135.

Other Scenario - Moving above 155 & staying above 155 only buy positions to be taken for an upside move.

Previous update - Google or Doosra from RBI at 154.50

Trade closed: target reached

20:15 Hrs 27th June2017

Last Price@137

Target done & out at 135-136 below 142.
Comments
ashokakbari
Superb view Abhi,
Given me more than 12K just bought 134 and exit 138... good bounce
WaveTalks
@ashokakbari, You did not sell & you bought at 13- I have seen that you take risk. This call was to sell below 142 for 135.
ashokakbari
@AbhishekHSinghCMT, you have ask to sell from 142 to 135... which i could not join but ... I observed that selling target is 135 which u had given, You have draw a supportline, so i was expecting that buyer will try to enter from this level. and i also entered.... I create position with less risk... after finished 5 min candle(9:15), I bought with that candles low as sl which was 132.9... which became now day low.
WaveTalks
chandu_Trade
@AbhishekHSinghCMT, Nice strategy, hope everyone earned good amount of money from this trade :)
WaveTalks
@chandu_Trade, Hope so that everyone earned good money.
SatyamMishra
Shaandaar jabardast zindabaad.
WaveTalks
@SatyamMishra, It seems you have done good in PNB.
niksmooth
What to do now. Buy or sell?
WaveTalks
@niksmooth, This call is done - it was sell below 142 for 135 Target. Kissed 135-136 zone today. If I come up later then I will post a new update.
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