PNB looks great on charts, inverse head and shoulder formation
Hello Every One,
I am sharing herewith the PNB stock trading idea, on daily charts of PNB share you can find a formation of inverse head and shoulder formation which offers great trade set up with the risk to reward ratio of 1:4 and the traders can take position in cash and F&O as per their risk appetite. This post published here is only for Educational Purpose and do consult your financial advisor before taking any trade decision.
Once the inverse head and shoulder target met, then the stock is expected to be bullish on weekly charts for further upside potential.
I am sharing herewith the PNB stock trading idea, on daily charts of PNB share you can find a formation of inverse head and shoulder formation which offers great trade set up with the risk to reward ratio of 1:4 and the traders can take position in cash and F&O as per their risk appetite. This post published here is only for Educational Purpose and do consult your financial advisor before taking any trade decision.
Once the inverse head and shoulder target met, then the stock is expected to be bullish on weekly charts for further upside potential.
For long term prospective PNB is still bullish and holding above 45 we can see 55 levels in the coming months