PNBHOUSING
This counter has given a pullback after a breakout from an ascending triangle / vcp pattern.
Pullback was on low volumes, and now it has bounced so far from the breakout level.
A long trade looks good here with an SL below the breakout candle low and a target of 545 as per the price pattern giving a R:R of 1:1.6.
Keep track!
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Yesterday's high was just 2rs off the target.
Should hold R1 now and either consolidate or make a new high lets see
Should hold R1 now and either consolidate or make a new high lets see
Looks set to achieve the pattern target