PNCINFRA - Technical Learning
PNCINFRA - Technical Learning
1) This is weekly chart
2) After a sell off few months ago the stock is now in consolidation mode for many weeks now.
3) Stock has crossed SMA 50 on weekly chart (last week only)
4) This is positive sign for now
5) But unless stock closes above 330-335 zone stock will be in cosolidation only.
6) 330-335 is big supply zone for the stock.
7) Technical set up is sideways as RSI below 60
8) All this is for information only.
9) This is not a buy/sell recommendation.
Thank you,
Technofunda24
#TechnicalViews#WatchOutFor

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