PNB Tilted HNS and Uptrend
Case I: PNB is currently in the uptrend and the uptrend will get killed on Trigger II i.e. 67.4
Case II: Also, in the aggressive case, We can observe tilted HNS Pattern which will get triggered on Trigger I i.e. 69.
In both case, stop loss should be kept at 72.5
If the stop loss is touched, one should Stop And Reverse as it will be a continuation of the uptrend.
UPL - Rejection of 750 Levels
We can see it is getting a serious rejection from 750 levels. It is running up because it alcohol stocks always run up before elections. Election theme one can say. Let’s sell with CBSL.
PNB opened at 68.95 triggering trigger I but if you see the below chart, it rocketed 1 point up in 1 tick making it impossible to take the trade. So the trade was cancelled.
Made 5.5 points on UPL (2 Lots)