naveenpawar22

PNB Housing finance

Long
NSE:PNBHOUSING   PNB HOUSING
PNB housing is trading around 779. on the chart it look like it will complete a cup pattern.

It is a good risk and reward ratio. one can invest for at least 2 quarter. If you are a trader then put stop loss (closing basis) below the trend line as shown in chart.

First target 863 after that it can achieve 1087 /1188/1422.

This is not a stock recommendation.
Trade active:
Now It is trading around 803. Not much movement from it.
Monthly and weekly RSI is more then 60. Daily RSI is is about to cross 60. May be there will be movement next week.
Trade active:
It is trading at 848.

Today it went to 894(10%) but closed at 848. Till 880 is the resistance zone.

once crosses 880 we can see 4 digit .

This is for educational purpose. Not a Buy/Sell recommendation.
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