Question- PNB which is just given breakout in weekly basis is good to buy? Answer- We can't say this is breakout but yes stock trading at important support range and 4 bottom support, But there is heavy selling range 90-100 (More powerful than support range) so I think I will avoid buying in this stock will wait to cross level of 100-110 for safe buy below these levels I don't feel secure in this stock.
Answer in simple words avoid buying in stock and there is no breakout in stock just bottom support but we can't say bottomout till stock trading below 100