1) On Daily time frame it is already taken good support and reversal from 100DMA and now it is just closed below 21DMA.
Please refer below chart : Daily time frame.
2) On 1hr time frame it is just below next resistance zone. And it formed kind of inverse head and shoulder pattern.
Please refer below chart: 1 hour time...
Dear Fellow traders,
Punjab National Bank has formed a bull flag on the monthly chart.
The point C is the real bottom for PNB after the bearish divergence that started from point A.
Point C is the end of bearish divergence for two reasons:
1. Point C on price chart: There is a double bottom that has been formed at point C.
2. Point C on RSI: RSI hit the lowest...
Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only.