PNB - outperform potential. Breaking gann downtrend

PNB took out the downtrend gann channel. If sustains can rally sharply from here

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Hedge the risk here with some puts. might be just filling the gap of 15th-16th may before resuming downtrend

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Exit longs - nifty has rallied c. 200 points from lows. Risk reward not great on nifty, cutting longs basis that