WaveTalks

PNB - Fire with Cypher @157- I turned upside- Did you!

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NSE:PNB   PUNJAB NATL BANK
Last Price@160

PNB on fire with the cypher right at the bottom@157 where we booked partial profits yesterday in 2nd downside target.
Target -164 - 176+

Trading Plan
Moving above 158.50 -159 it will show its way for upside & we got an opportunity back again with volatile action close to 157-158 just within last hour of trading protecting 156 on downside.

We are in the trade with zero risk.


Previous Update - Bearish Bat below 161 to 159-156




Trade ativo:
14:37 Hrs 2nd Aug2017

Last Price@160.40

We got re- entry again @158.10 - PNB holded the zone of 157-158.
Trade ativo:
15:11 Hrs 2nd Aug2017

Last Price@159.35

Holding 157-158 is good sign for upside but kindly do not become emotional with stocks & we assume that in case it goes below 157 - exit the trade in sonic speed & monitor to re-enter later.
Trade ativo:
08:11 Hrs 3rd Aug2017

Last Price@159

As suggested should not keep visiting 157-158 so many times else it is prone to breach that level downside & we need to pack the bags & visit again later or if it holds the zone then good for upside.
Trade fechado manualmente:
09:35 Hrs 3rd Aug2017

Last Price@155

Out in time between 157-158 as suggested. Banking Stocks are in pressure for the opening session.
Comentário:
10:01 Hrs 3rd Aug2017

Last Price@153.10

Falling Hard PNB!
Trade ativo:
12:16 Hrs 3rd Aug2017

Nifty Index looks weak below 10020-10030 zone can attempt 40-50 odd points downside for 9980-9990 zone downside if slips.
Comentário:
14:02 Hrs 3rd Aug2017

Last Price@151

Day Low@150

Cracks Hard for the day.

It is just a comment -long position was closed in morning between 157-158 .
Comentário:
15:28 Hrs 3rd Aug2017

148-149 long awaited zone from earlier post - finally visited today.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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