pnb housing finance looks bullish in short term.

price bounced from trend line support and horizontal support with good volume.

sl - 1430, tgt - 1675

Trade active:

closing price 1552.65

Trade active:

moving up as expected, but taking more time than expected , till now 1644.90

Comment:

price recently came down to the support level, now it is bouncing back, it is now moving in a horizontal channel.

Trade active:

till now 1517.70,

Trade closed manually:

but elliott wave count shows that wave 2 correction (flat correction) is going on here.

price can go down to or below 38.2% retracement level.

Comment:

now here is the fractal count of flat correction, it seems last leg of impulse of wave is pending here.

Comment:

follow up chart, price is following the ew count.

Comment:

at cmp - 1301, previous support now acting as a resistance , selling pressure seen here.