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yndesai
Apr 15, 2023 6:27 AM

PNB Resistance to suppor Long

NSE:PNB1W
PUNJAB NATL BANKNSE

Description

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44 has stayed as resistance in PNB for more than one year

now that it as broken this level and coming back to retest, need to observe if there is serious buying at this level.

considering strength returning in Banking sector. target of 68 is likely in 6~9 months.

Waiting for blue downward trendline to be broken.
SL below swing low..

Trade active

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SL 44.15

Comment

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giving second chance with very good risk reward ration

Comment

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Better late than never...
Revised SL 49

Comment

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Revised SL 57.8

Comment

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very close to target. Trailing SL to previous day low...

Trade closed: target reached

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One may continue trailing
SL to previous day low
Support and Resistance
Comments
johntradingwick
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Hi,

This publication has been chosen for the Editor's Picks and will feature on the page in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the TradingView community and keep up the good work!
yndesai
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@johntradingwick, thank you so much. It's a really pleasant surprise.
Kapil-Mittal
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Nice call on PNB! 💪🏼 Breaking through that resistance at 44 after a year is a big win. 👏🏼 It's definitely a good idea to keep an eye out for serious buying at this level. 💰 With the strength returning in the banking sector, hitting the target of 68 in 6-9 months seems achievable. 📈 Keep a close watch on that blue downward trendline and set that SL below the swing low. 🕵️‍♀️ Your trade is active, and I'm rooting for your success! 🚀
yndesai
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@Kapil-Mittal, Thanks for nice words.. Will be adding in few chunks over 2~5 weeks.
yndesai
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Second target achieved
prernaapril22
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target of PNB pls
yndesai
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@prernaapril22
Please read the post and study chart.

68 and 94 are already marked as target
sunitapratapsingh121
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yes pnb me ab move aaega
devesh00025
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hello,
yes stayed there for long. now what's your view? the blue line broken
yndesai
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@devesh00025,
Already updated trade active SL 44 which is high so it's better not to start buying aggressively.
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