Buy @ 150
Stoploss :- 145
Long term trend negative because of RSI.
a nice symmetrical ABCD pattern is forming on PNB daily chart which also lines up with .886 retracement of the bigger down swing.
a bearish crab pattern seems to be forming on PNB 1H TF. this pattern also aligns with a butterfly pattern forming on PNB daily chart.
looks like a very promising setup...
A bearish bat completed on the PNB 30 min TF. waiting for a short entry signal now !!
Looks likes a butterly is setting up on the Punjab National Bank Daily chart.... what say ?
Here is a nice long setup on Punjab National Bank.
Trade levels shown on chart - feel free to refer it.
Setup posses a potential Risk/Reward = 2.9 ( almost 3X)
Trade with Care
PUNJAB ABHI DHOOR HAI
HUge resistance over 154... short after the event if didn't break 154 taking stop of 154
Long for target of 138-140..with sl of 121
PNB is poised for a good correction. Go short...Details in the chart...
PNB seems holding 120 levels as support
enter short near 125-128 range
tgt 1 : 106
Tgt 2 :95
Tgt 3 : 80
BUY PNB @ CMP & IN DIPS, TARGET 179, SUPPORT ZONE 65-100, TIME PERIOD 3/6 MONTH,,,,,,
Engulfing candle. Ripe for correction. Should find support at FIB 38% retracement level. Extremely favourable risk reward trade.
BUYING AT 126.75
PERFECT LENDING ON EVERY LEVEL ...PERFECT ANALYSYS
some correction here