Aniketyourtechnicalanalyser

PNB housing finance-waiting for the third breakout .

Long
NSE:PNBHOUSING   PNB HOUSING
PNB housing finance is forming descending triangle patterns multiple times.
Elliot impulse wave is still pending which shows confirmation of the 3rd breakout.
we are now waiting for the third descending triangle breakout.
it will also make 1 more triangle after the breakout and will consolidate in that as shown in the chart.
it may show negative moves after that triangle as the correction wave is pending.
Regards,
@Aniketyourtechnicalanalyser.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.