PNB housing finance is forming descending triangle patterns multiple times.
Elliot impulse wave is still pending which shows confirmation of the 3rd breakout.
we are now waiting for the third descending triangle breakout.
it will also make 1 more triangle after the breakout and will consolidate in that as shown in the chart.
it may show negative moves after that triangle as the correction wave is pending.
Regards,
@Aniketyourtechnicalanalyser.
Elliot impulse wave is still pending which shows confirmation of the 3rd breakout.
we are now waiting for the third descending triangle breakout.
it will also make 1 more triangle after the breakout and will consolidate in that as shown in the chart.
it may show negative moves after that triangle as the correction wave is pending.
Regards,
@Aniketyourtechnicalanalyser.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.