Hi, 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 Gulz
HUge resistance over 154... short after the event if didn't break 154 taking stop of 154
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 sl 138 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.
It seems a complete formation of bearish butterfly pattern. It needs a red candlestick on Monday to confirm this pattern. If it is confirmed then it will become low risk high profit trade. Close watch on Monday closing
Can be a good short at previous supply zone of 97-98 area.