Pullback trade in PNB HOUSING

Dec 19, 2022

PNBHOUSING

This counter has given a pullback after a breakout from an ascending triangle / vcp pattern.

Pullback was on low volumes, and now it has bounced so far from the breakout level.

A long trade looks good here with an SL below the breakout candle low and a target of 545 as per the price pattern giving a R:R of 1:1.6.

Keep track!

Dec 20, 2022

Note

New high made today!

Looks set to achieve the pattern target

Dec 21, 2022

Note

Yesterday's high was just 2rs off the target.
Should hold R1 now and either consolidate or make a new high lets see