📊 TECHNICAL INDICATOR ANALYSIS – PNB BEARISH OUTLOOK
🔻 1. HEAD & SHOULDERS PATTERN FORMATION
PNB has formed a CLASSIC HEAD AND SHOULDERS PATTERN, a strong bearish reversal signal. The breakdown below the neckline confirms the end of the previous uptrend and suggests a shift in sentiment toward the downside.
📉 2. VOLUME SURGE ON BREAKDOWN :
A SIGNIFICANT SPIKE IN VOLUME was observed during the breakdown, reinforcing the bearish pattern. Volume confirmation is crucial, and in this case, it shows that sellers are aggressively stepping in to drive the price lower.
📉 3. BEARISH MACD CROSSOVER :

The MACD LINE HAS CROSSED BELOW THE SIGNAL LINE, a key momentum-based sell signal. This bearish crossover aligns with the breakdown and volume, indicating that downside momentum is likely to accelerate.
🎯 TRADE SETUP :
✅ TARGET: ₹103
❌ STOP LOSS: ₹112.5
🔻 1. HEAD & SHOULDERS PATTERN FORMATION
PNB has formed a CLASSIC HEAD AND SHOULDERS PATTERN, a strong bearish reversal signal. The breakdown below the neckline confirms the end of the previous uptrend and suggests a shift in sentiment toward the downside.
📉 2. VOLUME SURGE ON BREAKDOWN :
A SIGNIFICANT SPIKE IN VOLUME was observed during the breakdown, reinforcing the bearish pattern. Volume confirmation is crucial, and in this case, it shows that sellers are aggressively stepping in to drive the price lower.
📉 3. BEARISH MACD CROSSOVER :
The MACD LINE HAS CROSSED BELOW THE SIGNAL LINE, a key momentum-based sell signal. This bearish crossover aligns with the breakdown and volume, indicating that downside momentum is likely to accelerate.
🎯 TRADE SETUP :
✅ TARGET: ₹103
❌ STOP LOSS: ₹112.5
Dagangan ditutup: sasaran tercapai
pnb has hit the desired target successfullyMy Social Media links :
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
My Social Media links :
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.