Timeframe: Daily
NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91.
The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to...
Punjab National Bank is in a bullish structure from June 2022 & now have completed wave 4 which has meet with reverse parallel channel drawn from connecting wave 1 high with wave 3 high (usually the best point for wave 4 to end) & this low of wave 4 is exactly 0.382% retracement of Wave 3 so now we looks all set for wave 5 impulse to begin a close above 112 will...
PANJAB NATIONAL BANK - LONG @ 128 - PSU sectors are also moving high.
Technically also bulling view
fundamentally also company very strong
new investments like mutual funds investors increasing.
After a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions.
Intraday 5m | Trend Negative
Disclaimer: This is my pre market analysis and my...
📈 Stock Name - Punjab National Bank
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 137.
🚨Disclaimer: This is not a Buy or Sell...
PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!!
Good volumes.
Can enter at current market price.
Target - 55/60/70
SL - 35
Above 70 it will be a delight!!!
Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months)
Note: All levels are only for...
#PNB trading above Resistance of 130
Next Resistance is at 153
Support is at 104
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#PNB trading above Resistance of 104
Next Resistance is at 130
Support is at 86
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
PNB at Major levels, with momentum and with little support from Sectors.
Conservative Traders can enter after Breakout and Retest.
Anyway stock is towards Monthly Supply which is on TOP.
Have your own Analysis too.
PNB-EQ
-Strong Breakout Candidate
-Round Bottom Structure Breakout
-Strong Range Accumulation
-Massive Volume Buildup
-Performing Good but had Bad Reputation
-Just for Trading & Swing not for Investment
Entry 🟢: Above 129
Target 🎯: 164, 197, 220 ++
Stop loss 🔴: 105 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “The last 3 candles almost gave away the clue that bearishness was ending. We would still like to see how Nifty will open tomorrow. Ideally, it should open above 21698 i.e. within the channel to cement the idea that Bears are thrown out of control.”
4mts chart
Open was right at the trendline and it acted...
Greetings Folks,
today I have prepared a setup of PNB on NSE
the analysis is as follows-
-the price recently broke out of a bullish pattern
- The price is kinda stretched right now, can use some temporary support for more momentum
- i have marked the most immediate strong support zone
- this trade setup might play in 2-3 days as the support zone is not in reach...
Bad Time Is Over For PNB
Huge Breakout
Buy At Cmp 76.75
Add Till 67/69
Add More In Panic To 60/62
SL - 44 ( Monthly Closing Basis )
Target - 220/300
Highest Monthly Volumes, Big Up Move Is Coming.
Chart Type : Candlestick
Time frame : Daily
Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.
From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the...
