PNB - Enters Demand Zone

Mar 22, 2017

The stock after a steep fall has entered its demand zone as you can see in the chart.

It's taking support in this zone yet once again.

Keep this zone in watch.

Trade accordingly.

Mar 22, 2017

Note

Breached the zone and one-way movement from there. Good trade to short.

Mar 23, 2017

Note

Forming a base. Exit short-term shorts. Next shorting opportunity at 138 when it comes up there. If it comes in small bars and with time, it would create a good short setup.

Mar 24, 2017

Note

Hope you exited shorts today.
No shorting opportunity created as it came very quickly to the demand zone again.

Instead, long opportunity at 138 , on re entry in demand zone.

Mar 24, 2017

Note

Very good upmove shown.

Mar 27, 2017

Note

Upmove continues verifying that the demand area is legit.

Mar 29, 2017

Note

Amazing demand shown this time. Chart closed.