AbhishekHSinghCMT
Long

PNB - Fire with Cypher @157- I turned upside- Did you!

NSE:PNB   PUNJAB NATL BANK
Last Price@160

PNB on fire with the cypher right at the bottom@157 where we booked partial profits yesterday in 2nd downside target.
Target -164 - 176+

Trading Plan
Moving above 158.50 -159 it will show its way for upside & we got an opportunity back again with volatile action close to 157-158 just within last hour of trading protecting 156 on downside.

We are in the trade with zero risk.


Previous Update - Bearish Bat below 161 to 159-156





Trade active: 14:37 Hrs 2nd Aug2017

Last Price@160.40

We got re- entry again @158.10 - PNB holded the zone of 157-158.
Trade active: 15:11 Hrs 2nd Aug2017

Last Price@159.35

Holding 157-158 is good sign for upside but kindly do not become emotional with stocks & we assume that in case it goes below 157 - exit the trade in sonic speed & monitor to re-enter later.
Trade active: 08:11 Hrs 3rd Aug2017

Last Price@159

As suggested should not keep visiting 157-158 so many times else it is prone to breach that level downside & we need to pack the bags & visit again later or if it holds the zone then good for upside.
Trade closed manually: 09:35 Hrs 3rd Aug2017

Last Price@155

Out in time between 157-158 as suggested. Banking Stocks are in pressure for the opening session.
Comment: 10:01 Hrs 3rd Aug2017

Last Price@153.10

Falling Hard PNB!
Trade active: 12:16 Hrs 3rd Aug2017

Nifty Index looks weak below 10020-10030 zone can attempt 40-50 odd points downside for 9980-9990 zone downside if slips.
Comment: 14:02 Hrs 3rd Aug2017

Last Price@151

Day Low@150

Cracks Hard for the day.

It is just a comment -long position was closed in morning between 157-158 .
Comment: 15:28 Hrs 3rd Aug2017

148-149 long awaited zone from earlier post - finally visited today.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Long @ 158 sl @ 156.9 short @ 156.9 profit booked @151
Reply
I shorted it on the wrong day 😅
Reply
@cajatinnagpal, when did short PNB?
Reply
cajatinnagpal AbhishekHSinghCMT
@AbhishekHSinghCMT, day before yesterday. It went a few points down then. But not much..
Reply
@cajatinnagpal, So, your short position is open or closed - you could have shorted today as 157-158 was crucial zone & you could have made 2-3 points.
Reply
cajatinnagpal AbhishekHSinghCMT
@AbhishekHSinghCMT, The position is closed now. Yeah today could have been great. But was able to open the market now only due to some other work. So missed it this time.
But undoubtedly your post about shorting PNB was a great idea. 👍👍
Reply
@cajatinnagpal, This is destiny which no one can control. Thanks
Reply
In@ 158
Reply
@SatyamMishra, Do not become emotional with the trade because PNB is holding 157-158 that is good sign for upside but in case it goes below 157 - do not hesitate to exit the trade in sonic speed.
Reply
Long from here? Or I missed the bus
Reply
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