1. PNB has been an underperformer for a long time.
2. Looking at the strength at the current price, the buying opportunity appears attractive with a very small stop-loss.
3. This is not a very high-conviction setup since there is an overhead trendline resistance.
4. Since the risk is minimal, it is worth taking the opportunity. If it reverses, we accept the stop-loss and move on.
⚠️ Disclaimer: This is NOT a buy/sell recommendation for learning ONLY. Views are personal. Please, do your due diligence before investing. ⚠️
🔥 Happy Trading! 🚀
2. Looking at the strength at the current price, the buying opportunity appears attractive with a very small stop-loss.
3. This is not a very high-conviction setup since there is an overhead trendline resistance.
4. Since the risk is minimal, it is worth taking the opportunity. If it reverses, we accept the stop-loss and move on.
⚠️ Disclaimer: This is NOT a buy/sell recommendation for learning ONLY. Views are personal. Please, do your due diligence before investing. ⚠️
🔥 Happy Trading! 🚀
Anubrata Ray ⚡
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