Trend: End of Short downward trend
We have seen a descending triangle pattern in PNB Housing which has formed between 15th Feb 21 - 10th May 21. On 11th May, it broke the resistance level forming a green candle and with good volume. The green candle formed on the 12th of May confirms the positive breakout.
Buy price: 382-385
Initial Stoploss: Aroung 360
Total Predicted upward move from breakout = 27% (Price level of around 465)
Target1: Around 398
Target2: Around 415
Target3: Around 435
Target4: Around 450
We have seen a descending triangle pattern in PNB Housing which has formed between 15th Feb 21 - 10th May 21. On 11th May, it broke the resistance level forming a green candle and with good volume. The green candle formed on the 12th of May confirms the positive breakout.
Buy price: 382-385
Initial Stoploss: Aroung 360
Total Predicted upward move from breakout = 27% (Price level of around 465)
Target1: Around 398
Target2: Around 415
Target3: Around 435
Target4: Around 450
Nota
As of 21st May 2021, Target 1 and target 2 are met.Nota
As of 25/5/21, Target 3 is met.
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.
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.