Candle on the Daily chart has formed an NR7 or Narrow Range 7 which means that out of the past 7 daily candles , the last candle is the narrowest , showing contraction in the price. The longer the candle , it means that on that particular day , the price was in a high range or showed high volatility. Narrowest candle means price was in a very short range / possibly consolidating. After an NR7 / Narrow Range 7 , there is always a possibility of breakout. Do keep a watch on PNB.