PNBHOUSING - Swing Trade - 16th January #stocks

Jan 16, 2024

PNBHOUSING (1D TF) - Swing Trade Analysis given on 16th Jan, 2024

Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #PNBHOUSING

Jan 17, 2024

Note

PNB HOUSING Update - 17th Jan, 2024

- The target level was hit in 1 trading session yesterday
- Blew past our 4% target upto a little over 8%
- However, there is a possibility of a re-entry at the Demand zone
- There will be a consilidation due to the market conditions, so going to wait for an entry with a small SL and a better RR

#stocks #swingtrade #chartanalysis #priceaction #traderyte #PNBHOUSING

Jan 18, 2024

Note

PNB HOUSING Update - 18th Jan, 2024

- As mentioned yesterday, there was a re-entry possibility to enter at the demand levels to get a better RR
- After an inital SL hunt , the stock is up 5.5% up today
- Always trade the levels

#stocks #swingtrade #chartanalysis #priceaction #traderyte #PNBHOUSING