Basepattern
Punjab and Sindh Bank looking for good moveNSE:PSB seems good for a positional trade with provided entry, exit and stop level. It looks like has ended down tend on daily basis and has started new up trend on daily basis. Formed a good support level. On weekly scale it has already crossed 50 WMA over 200 WMA, that gives strength for the stock. Let's see what happens next.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my ideas to share with community.
Base patterns One of the most powerful zones for trade is the Base Patterns. which can be shown as - Rally Base Rally- Rally Base Drop- Drop Base Drop- Drop Base Rally. In fact, the base between two Sharp movements with good momentum. you can find a good base area and decide for trade long or short!
Good luck
