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AkshayAdak
Jan 13, 2022 2:58 PM

BREAKOUT FROM CONSOLIDATION CHANNEL Long

PNB GILTSNSE

Description

This is daily timeframe.
This stock is smallcap and high beta.
But the business model is unique and fundamentals have changed a lot last year.
We can see it in price action.

Yesterday it gave breakout from its long consolidation zone with bullish belt-hold candlestick pattern.
It also had very good volume. Though it have today formed a bearish candle but I think it's just for retracement purpose.
But still I will be more cautious in this trade.

This post is for information purpose only.
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