PNB housing has shown an amazing rally post breakout of trendline.
Stock is currently near a strong supply zone of 820-850.
Next target for stock is 1200.
Stock can give buying opportunity near 650-700 before breakout. Add on dips.
Idea shared for educational purposes
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
PNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain.
However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing.
630 is an immediate resistance above which it can...
✅ Weekly 426-471 level break But on daily TF price going up and forming Higher High and Lower Low and price also retesting his previous level.
✅ Now currently 600-611 level wait for price to break the level on daily TF with strong movement and then Look for long entry on 4hr. TF with proper reversal.
✅ You can look for 1:1.5,1:2 small Swing trade.
PNB Housing Monthly Analysis
PNB Housing Monthly Investment Analysis Based On Technical Analysis and Completely Based On My Knowledge and It's My Personal View
As Per the Analysis for PNB Housing For Monthly Chart, I am expecting that PNB Housing Share is on very important levels as per monthly charts, 500-620 is a level where it will trade as zero line zone...
PNBHOUSING:- The stock has also given a breakout by forming a rounding bottom pattern, the volumes are also being seen well. keep on radar
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
Stock Name - Pnb Housing Finance Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 543
#This is not Buy and Sell recommendation to any one. This is for...
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.
PNB Housing has broken out of a resistance zone as well as a wedge
Test of the breakout✅
With an SL of 435 in CLBS and one can expect targets upto 700, beyond which we have a multiyear #breakout
Use trailing SL in this