dravya

PNB - Enters Demand Zone

NSE:PNB   PUNJAB NATL BANK
pnb
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.
Comment: Breached the zone and one-way movement from there. Good trade to short.
Comment: 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.
Comment: 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.
Comment: Very good upmove shown.
Comment: Upmove continues verifying that the demand area is legit.
Comment: Amazing demand shown this time. Chart closed.

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