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...
Stock Name - Punjab National Bank
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 82
#This is not Buy and Sell recommendation to any one. This is for education...
🔹 Technicals:
▸ Stock is in confirmed uptrend in the mid-term.
▸ Strong breakout in July supported by good volumes.
▸ Price is still above the key moving averages indicating a strong control of buyers.
▸ There is a demand zone near 20 EMA
▸ Previous swing high level near the 50 EMA
▸ A flip zone is present at 57-60 zone.
▸ This means there are plenty of...
Stock Name - Punjab National Bank
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 73
#This is not Buy and Sell recommendation to any one. This is for education...
BUY - PNB
CMP - Rs. 51
Target - 1: Rs. 60
Target - 2: Rs. 68
Target - 3: Rs. 89
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please trade at your own risk.
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On a weekly chart, the stock emerging out of the base could be an ideal buy zone (65-68).
Maintain a strict stop loss between 5-8% incase the trade goes wrong.
PS: Not a buy/sell recommendation. Do consult your financial advisor.
PNB Hourly looking bullish. It has trendline breakout/flag and pole breakout. Good to buy at 62.60 for target of 69 with sl below 61
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors...
pnb is in a double bottom pattern and at strong support so you can make entry according to the chart
note:- only for education purpose not and we are not responsible for any losses.
PNB is about to Channel Breakout above @53.90 after a long period (Six Months)
Breakout Level: 53.90
Target Price: 62.00
Stoploss Price: 49.00
Key Factor:
PNB traded above EMA 200 (47.92)
About to break strong resistance level @53.50
If PNB close above @53.90 its should be Bullish run till @62.00
PNB negative run possible if it breaks downside channel approx. @51.00
As already said in psu bank analysis, all psu banks will post good results in this qtr, this stock again near to BO zone forming round bottom pattern with good volume build up, follow chart for proper support and resistance levels.
