ms555

PNBhousing finance at resistance .

NSE:PNBHOUSING   PNB HOUSING
PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign.

SO THINK BEFORE ENTERING IT NOW.
Comment: JUST FOR EDUCATIONAL PURPOSE.
Comment: PNBHFL has taken Support at 55DMA on 10th march& 23rd May and bounced from there, but now 55DMA is at 1311 so theirs a huge gap.
Comment: As Expected PNB down 1.5% whereas CANFIN up 4% and DHFL up 6%(value buying).
Comment: DHFL up 7.4% CANFIN +7.33% IBUL flat PNBHFL down 2%
Comment: Completely as EXPECTED
Comment: sold @ 16880 again bought back half at 1616 in PORTFOLIO
Comment: Bough back other half @1500 . Avg price 1565 sold @1680 Gain 115
Hi...
I liked yur observations and comments .
Just want to understand that after a sharp run up, is it possible for this stock to test its 55 DMA, (as it has done previously), keeping in mind that is one of the bull market leader stock as shared on media by most.
Reply
ms555 naveen_agrawal
@naveen_agrawal, 55DMA is moving up 10Rs per day if PNBhfl stays here for next 2 months its 55DMA will catchup the gap or may be stock can correct also if markets correct.
Reply
@ms555, ok..Thanks
Pls keep updated.
Reply
ms555 naveen_agrawal
@naveen_agrawal, Did U see how wonderful this setup is working!
Reply
@ms555, yes..i am watching..the knowledge i got from u regarding DMA moving up was wonderful...
thnx...
Reply
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