PNBHOUSING BreakoutPNB Housing broke out of its lifetime expanding wedge, After making a double top,finding neckline support at 618 FIB of the previous leg up.
Moving in the green channel, its currently in breakout/reversal zone.
PNBHOUSING trade ideas
PNB Housing- Buy SetupThe stock had formed a good bearish candle on Thursday and then it opened gap up and maintained the strong momentum with great volume the entire day on Friday also breaking a short term downward sloping trendline indicating a strong upmove in the days to come. It is good buy at cmp with a target of 1685 and a stop loss of 1496.
One of the best Investment stock... { Very Bullish }Everything is mention on chart....
Wait for the confirmation and then enter...
Note: Do your own study before making any position...
Must watch {Very Bullish}Very Bullish
Targets are 1600/1650/1700/1750/1800+
SL :1450
Risk Reward is favourable..
Note: Do your own study before making any positions...
Breakout or Breakdown???Everything is mentioned on chart...
Note: Do your own study before making any position...
RSI Negative DiverganceSL and targets are mentiond on the charts...
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
PNBhousing finance at resistance .PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign.
SO THINK BEFORE ENTERING IT NOW.
Good Risk Reward Ratio! Have a Look :DPNB Housing Finance beautyfully taking support over 50 Days EMA and on that trendline..
Previously also I had mentioned this stock during correction and it has given handome returns... :D
(link: )
Good Risk Reward and high probability trade...
Targets are 1350/1500/1690
SL 1130 which should be trailed below trendline support
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
PNBHOU has taken support on 50 Days EMA respectedPNBHOU has taken a support over 50 days Exponential Moving average and is now in a strong uptrend with higher volume.In terms of fundamentals it is investment stock. Stock is good for a return of 25-30 % in 10-20 days.... In terms of risk and reward it is best pick...
target 1 :1050
target 2 : 1080
target 3 :1110 +
SL : 1010
