PNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain. However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing. 630 is an immediate resistance above which it can test the 675-750 levels in short to medium term. So, you can keep the stock in watchlist.
Sharing this idea only for educational purposes and its my personal opinion.
액티브 트레이드
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Today seems like a breakout. Keep on watchlist.
코멘트
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Breakout above 612 will invite aa quick, big move.
코멘트
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T1 almost achieved. 628.5 is today's high. Trail SL if entered .
거래청산: 타겟 닿음
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649 reached! Swing trading target done for 10%. Uptrend is now confirmed and positional traders can hold for bigger targets and can add on dips