PSB Breakout Long Buy predictionPunjab & Sind Bank is engaged in the Business of Deposits, Loans & Advances, and Remittances & Collections.
If we look at the chart:
The market has broken multiple bullish pattern confirmations. It has a broken flag & pole, and descending triangle while having a very strong volume at the breakout. If we look at the RSI, its crossing 60 to the upside can be a good sign of long-term bullish for the stock.
Investors of short term traders can proceed with the stock as follows:
you can execute the trade with R:R of 1:4.
Plan of Action:
Buy: LTP (64-65)
Stop loss: 60
Target1: 76
Final target 82
Psbtrendanalysis
Punjab & Sind Bank Analysis!NSE:PSB Analysis!
PSB analysis on a Daily Timeframe!
Triangle breakout in PSB!
Entry = At current levels
Stop Loss = Below 30.70
Target = 38.75 & 44.80
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4)Don't trade with full capital
