pnb housing finance looks bullish in short term.

price bounced from trend line support and horizontal support with good volume.

sl - 1430, tgt - 1675

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closing price 1552.65

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moving up as expected, but taking more time than expected , till now 1644.90

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price recently came down to the support level, now it is bouncing back, it is now moving in a horizontal channel.

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till now 1517.70,

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but elliott wave count shows that wave 2 correction (flat correction) is going on here.

price can go down to or below 38.2% retracement level.

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now here is the fractal count of flat correction, it seems last leg of impulse of wave is pending here.

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follow up chart, price is following the ew count.

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at cmp - 1301, previous support now acting as a resistance , selling pressure seen here.