NSE:PNB is travelling in the parallel channel/range ( T1 & T2 ) since the beginning of the 2021.
Right now, NSE:PNB is at its supporting level over the T2 trendline and may invite the bulls to pump in the funds to soar the price.
One may initiate a long position with a stop loss below 35.3.
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short below 36.5 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before...
Long PNB Above 39.90 Target 45 SL 38.25 . Good risk to reward trade. Stock expecting to take the TL support & touch the levels. This is for your educational purpose.
i Will initiate the buy entry once its returned to the yellow box, bottom is the SL and upper line is the entry. SL must be placed with a little buffer.
its at support of the trend line
