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PUNJAB NATIONAL BANK
Long

PNB long setup

By k314
Updated
Punjab National Bank long setup on weekly chart

Buy above: 155
SL: 135

Target1: 180
Target2: 200
Target3: 225
Note
PNB on 15m tf is in the process of ascending triangle formation. Lets hopr for a breakout above 155

snapshot
Trade active
Note
PNB at channel bottom

snapshot
Note
So far price made a low of 135.65... Very very close to our SL.
We will maintain the same SL and wait for the good bounce from here.
Note
SL not hit. Missed SL by 65 paisa
Fresh buy can be initiated above 146 upon channel re-entry. SL and targets remain the same

snapshot
Trade active
Trade closed: stop reached
Note
PNB below 132 can fall further

snapshot
Note
PNB has re-entered the channel
BANKBANKNIFTYChart PatternsTechnical IndicatorsNIFTYniftyindiapnbpsubankspunjabnationalbankTrend Analysis
k314

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