PNB almost completes final target 1084....
Punjab National Bank is in the process of forming a coil pattern again. These kind of patterns usually occur during the 4th Waves in accordance with Elliot Wave Theory.
Positive trend in RSI indicating the strength in the counter
Raju V Angadi
Equity Research Analyst
Also to learn simplified objective approach applying basic concepts of technical with some common sense to optimize your investment and trading decisions contact on:
rvangadi@googlemail.com (OR) +91 78291 55900
To swing your fortune higher join us and be ahead to track market turns ....
Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
Punjab National Bank is in the process of forming a coil pattern again. These kind of patterns usually occur during the 4th Waves in accordance with Elliot Wave Theory.
Positive trend in RSI indicating the strength in the counter
Daily Chart
So one can accumulate the stock around 918 - 935 with stop loss below 900 on closing basis for targets of 1013 / 1048/ 1100.
Raju V Angadi
Equity Research Analyst
Also to learn simplified objective approach applying basic concepts of technical with some common sense to optimize your investment and trading decisions contact on:
rvangadi@googlemail.com (OR) +91 78291 55900
To swing your fortune higher join us and be ahead to track market turns ....
Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
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