Major Bullish Breakout Expected in PNB Multiple confirmations high probability trade.
GOOD CHART PATTERNS ARE FORMED CAN GIVE UPMOVE OF 10 TO 15 %.
PNB gapped down on 16 May 18, wait for gap to be filled. Gap starts to fill on 22 May 18, Entry at 80 Gap is completely filled on same day 22 May 18, exit at 83.55
BUY PNB AT CMP 82 SL 78 (CLOSING BASIS) TARGET 1: 90 TARGET 2: 10 THIS STOCK VERY STRONG BASED ON EQ DELIVERY VOLUME
Aug 8th Closing Price: 80.45 Buy above 82.5 SL 79 Targets: 89, 92 and 100
Even though it was 8% RED candle, only 2.92% OI was increased. Naturally, Active FNO Traders had lost their interest. 19446K shares were marked as delivery in 139040K trading volume resulting only 13.99% marked delivery of total volume. If any body analyse marked delivery as well as trading volume, it guides that only Intraday Traders had interest in the counter. ...
Even though it was 8% RED candle, only 2.92% OI was increased. Naturally, traders had lost their interest. 19446K shares were marked as delivery in 139040K trading volume resulting only 13.99% marked delivery of total volume. If any body analyse marked delivery as well as trading volume, it guides that only Intraday Traders had interest in the counter. Volume...
PNB-Bullish Divergence on RSI PNB is showing clear bullish divergence on daily charts where price were making lower low whereas RSI was making higher low, final price starts moving up with higher volume. so it suggest accumulation on PNB charts.