Trend: End of Short downward trend We have seen a descending triangle pattern in PNB Housing which has formed between 15th Feb 21 - 10th May 21. On 11th May, it broke the resistance level forming a green candle and with good volume. The green candle formed on the 12th of May confirms the positive breakout. Buy price: 382-385 Initial Stoploss: Aroung 360 Total Predicted upward move from breakout = 27% (Price level of around 465) Target1: Around 398 Target2: Around 415 Target3: Around 435 Target4: Around 450
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As of 21st May 2021, Target 1 and target 2 are met.