Einstein15

PNBHOUSING Triangle

NSE:PNBHOUSING   PNB HOUSING
74 6 4
PNBHOUSING             is in the triangle for two months now.
Can expect a break on either side based on its result, which will be out soon.
It has been in a range for long..
In spite of extraordinary results, it is still holding in the range..
This is a bull market stock but boring since 2 months now..
lets see next week..!
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Hi...Well presented , nice idea...!
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Einstein15 naveen_agrawal
@naveen_agrawal, Thanks! and Yes,this leg has been taking too long to retrace to its daily trnedline. Unlike other retracements, its been ranging for long.
Well,But just by the end of day it did manage to break out of the triangle.Whooping 100 points in one day <50 points gap-up though>
Lets see how it plays next week. a bit of retracement /retest of the triangle before it starts it another leg up.
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Result quite good :)
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Einstein15 SwingMaster
@SwingMaster, yes. and a good breakout too, at the very end of the day though.
Lets see if this marks the start of the new leg up
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