PNB Break or Rejection
PNB is a large PSU financial institution. The chart has some interesting aspects.
After an upmove, it has shown retracement upto 61.8% level. It is currently trading at narrow range.
The result is due in Feb first fortnight. This is a make or break stage for the script. If it shows strength, it can move to is first target of 124, second target of 140 and higher targets upto 180-190.
Keep a close watch.
This is not a buy/sell recommendation.
This post is only for educational purpose.
Kindly consult your financial advisor before investing.
Keep strict stoploss and money management rules.
Happy Trading!!
After an upmove, it has shown retracement upto 61.8% level. It is currently trading at narrow range.
The result is due in Feb first fortnight. This is a make or break stage for the script. If it shows strength, it can move to is first target of 124, second target of 140 and higher targets upto 180-190.
Keep a close watch.
This is not a buy/sell recommendation.
This post is only for educational purpose.
Kindly consult your financial advisor before investing.
Keep strict stoploss and money management rules.
Happy Trading!!
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