ParamjitMahapatro
Long

pnb housing finance looks bullish in short term.

NSE:PNBHOUSING   PNB HOUSING
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.
what is the timeline for target
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ParamjitMahapatro satyamitankar
@satyamitankar, i think, it should take around 2 weeks of time.
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Its VWAP is at 1525.07, keep an eye on VWAP. Above 1560 positive brake out.
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@msawerdekar, yes, thanks for sharing.
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it is bullish in even long term :D :D
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@AkshatPatwa, yes bro, also I am following your analysis on this scrip.
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AkshatPatwa ParamjitMahapatro
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