PNBHOUSING
PNB Expecting Double Top breakoutPNB Hosuing view
Expecting Double Top breakout
Please follow strict risk reward and stop loss..
Charts for Educational purposes only.
Thanks,
V Trade Point
PNB Housing view for today 17th febPNB Housing view for today 17th feb
Double Top pattern breakout expecation
Charts for Educational purposes only.
Follow strict risk reward if you follow the level
Thanks,
V Trade Point
PNB Housing FinancePNB Housing Finance (Weekly):
-PNB Housing Finance is currently trading near falling trendline
-There is a buildup/ tight consolidation near trendline
-RSI is also consolidating in Daily Time Frame
-Trade after Breakout of this congestion
Can go long above closing of 600 levels on daily TF
Disclaimer:
This analysis is just for educational purpose.
PNBHOUSING ready for continuation📈Buy after it breaks from consolidation range
target is next resistence at 675🎯
PNBHOUSING - Long viewPNBHOUSING has posted good volumes for the past few days and looks set to reward investors. Price is above all important EMA and as long as RSI remains above the 60 mark one can buy above 524 for a target of 576 with a stop loss of just below 497.
The views presented are of the author and are for educational purpose only . Kindly consult your financial advisor before investing.
PNBHOUSING - Demand emerged at 300 in Jun-22After being 66% down from 925 to 300
This was after being down 90% from 1700 to 140
Plan
- Consider to Buy above 450
- and/ or Rejections near 350
PNB HOUSING Trend AnalysisIts chart is forming a potential Cup with Handle pattern.
Currently price broke out out of a falling wedge pattern, retested and bounced up.
RSI is showing strong bullish divergence and this level is also at Key Support.
Better to accumulate at current price levels.
Short term swing target is around 780-820 level (90% ROI)
Medium term swing target is around 1350 level (230% ROI)
Long term positional target is around its ATH 1630-1700 level (300% ROI)
Positional target is based on the technical target of Cup with Handle pattern and is near its ATH to add more confluence.
One of the fundamental aspects is when interest rates are higher, banks make more money.
These days NPAs have been reduced drastically by most banks and NBFCs.
Personally I don't use Stop Loss, if you want you can keep around 350.
As always, Do Your Own Research before trading or investing.
Peace!!
Result of earlier short callSee what I said...
Pnbh hitted 15 point target from our shorting price..
A perfect short call.....
450 profit on 3000
45% profit rate
PNB Housing Finance(1D) LongCurrently the stock is resting on the support, open below the current price is an opportunity to short to ATLs. and if the current price levels hold we might see the reversal on this stock. that is when we go long on this stock.
