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Sunday, September 14, 2014

PNSC Chart 12th September 2014


"Hanging man" is a bearish candlestick which can be significant trend reversal. An ideal hanging man would have a short real body with long lower shadow and no or very little upper shadow. A major resistance lies ahead for pnsc. A number of times in past, the script tried to cross the value of 78 which it failed multiple times. if it breaks the resistance of 78 this time with a staying above it, it will become a support level for it, otherwise caution should be exercised. 

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