AS YOU CAN SEE THERE IS A GREAT SUPPORT NEAR 68 TO 70 RS. CHANNEL SUPPORT AND FIBONACCI SUPPORT IS ALSO THERE . LAST TIME SUPPORT IS ALSO THERE. TARGET RATIO IS ALSO VERY GOOD
Tweezer Bottom + Inside Bar Long above 78.55, SL PDL Short below 77.25, SL PDH If gap up or down, follow 5m ORB.
PNB day chart study - Short on rise stock
Trade on break out. Note: Educational purpose only.
AB=CD Is Completed. Moving In Short Term Channel. At Resistance Of Channel. Other Details Mentioned In Chart. Positional View For Educational Purpose Only. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
PNB Levels are mentioned in the chart If u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW US to get regular updates. Take care & safe trading...!!!
Rising wedge pattern is forming in PNB, we may see movement downward in coming days. Would like to your view.
Hi, I am revising my thoughts based on what my prof explained to me.... Now i am seeing what i wasnt seeing before.
Already broke out of expected resistance and now we can see some bull dance
Description on chart....
Description on chart
Description of analysis mentioned on chart with Targets.
Short below 75.6 with SL 77.45 T1 74.85 T2 74.4 T3 73.55 T4 72.6
PNB is testing Upper Trendline in a downward channel. Upper downsloping Trendline may act as resistance. Short at 77.20 ( cmp ) Stop-Loss 81 Target 63.35 Risk 4.92% & Reward 17.94% Risk Reward Ratio 1 : 3.65