PNB next Potential Target according to Fibonaaci
Chart Type : Candlestick
Time frame : Daily
Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.
From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the log scale.
According to this setup the next potential target is at 89.85 which is a 23.60% level of Fib extension.
Thanks
Er. Simranjit Singh Virdi
Time frame : Daily
Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.
From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the log scale.
According to this setup the next potential target is at 89.85 which is a 23.60% level of Fib extension.
Thanks
Er. Simranjit Singh Virdi
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