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aniketkulkarni500

Pullback trade in PNB HOUSING

Long
PNB HOUSING (NSE:PNBHOUSING)  
aniketkulkarni500 Updated   
NSE:PNBHOUSING   PNB HOUSING
Trend Analysis Chart Patterns Technical Indicators pullback longsetup breakout Bullish Patterns PNBHOUSING trading Equity
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trendanalysis chartpattern indicator pullback longsetup breakout bullish pnbhousing trading equity
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!
Comment:
New high made today!

Looks set to achieve the pattern target
Comment:
Yesterday's high was just 2rs off the target.
Should hold R1 now and either consolidate or make a new high lets see
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