Pnb
PNB - Supply and Demand ZonesDear Trades,
PNB is in the exact demand zones which i have marked as green and Supply exist at the red zone . One who look for the positional as a investment then this stock is in the attractive price and you can start accumulate until 55 levels, With a stop of 50.
Thank you,
Regards
Deepak
PUNJAB NATIONAL BANK PNB ANALYSISAS YOU CAN SEE LONG TERM TREND LINE ON TOP MANY TIMES STOCK HAS TAKEN RESISTANCE FROM THIS LINE AS MENTIONED WITH RED ARROWS NOW WITH GREEN ARROW ON THE RIGHT STOCK STOCK CROSSED THIS RESISTANCE AND CLOSED ABOVE IT AND CAME BACK AGAIN TO THIS LINE AS SEEN WITH SECOND GREEN ARROW THIS TREND LINE WORKS AS SUPPORT NOW AS ONCE RESISTANCE BROKEN BECOMES SUPPORT FIRST TARGET FOR LONG WILL BE 68.20 AND SECOND TARGET IS THE GAP WHICH SOME DAY NEEDS TO BE FILLED STOP LOSS IS 57.75 GOOD LUCK
NOTE: FOR EDUCATIONAL PURPOSE ONLY
POSITIONAL LONG TRADE IN PUNJAB NATIONAL BANK (PNB)/!!(FUT)!!POSITIONAL TRADE IN PNB
VIEW:-
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
BUY@67
STOP@60
TARGET 1@75
TARGET 2@84
LOT:7000
QTY:2