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PSB Breakout Long Buy prediction

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NSE:PSB   PUNJAB & SIND BANK
Punjab & Sind Bank is engaged in the Business of Deposits, Loans & Advances, and Remittances & Collections.

If we look at the chart:
The market has broken multiple bullish pattern confirmations. It has a broken flag & pole, and descending triangle while having a very strong volume at the breakout. If we look at the RSI, its crossing 60 to the upside can be a good sign of long-term bullish for the stock.
Investors of short term traders can proceed with the stock as follows:
you can execute the trade with R:R of 1:4.

Plan of Action:

Buy: LTP (64-65)
Stop loss: 60
Target1: 76
Final target 82
Yorum:
You can make a re-entry now once again.

Feragatname

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