naveenkhaitan

Possible breakout on PNB housing finance

Short
BSE:PNBHOUSING   PNB HOUSING FINANCE LIMITED
PNB housing finance has formed a triangle wedge pattern on the daily chart after consolidating for more than 2 months.
It is moving around 50EMA, which has acted as good support in the past.
With 660 acting as a good support any move above the wedge line can act as a possible breakout to test 750,800 and 900 levels.
Buy- CMP
Sl:650
Target: immediate target-750 / T2-800 / T3- 900 Long term

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