Pnb
PNB long Position 86 - 90 Target CMP 76.90 SL 73As the stock is trading in the channel a short-term uptrend is to be witnessed as per the chart analysis
BUY @ near CMP 76.90
SL @ 73
TARGET 86 to 90
Time Period 15 to 20 days.
PNB PERFECT TIME TO BUY.IF PNB CLOSE CROSS 89 ON MONADY 27/05/2019 PERFECT TIME TO BUY. WITH STOP LOSS OF 78 RS. AND TARGET WILL BE 125 OR 128.
MACD INDICATOR IS ALSO SHOWING GOOD SIGNAL.
PNB : Trade again on inverted H &SPNB had given breakout from the inverted H&S with high volumes. Target of the breakout was 112 but counter retraced from 100 and again cam back to 87 level. Counter should take support around 84 which is 38.2% retracement of entire rally from 58 to 100. After 84 , next support comes at 80-81 range which is also a support of neckline. As counter drifted down from 100 to 87, volume has also come down simultaneously. Traders ,who had created long around 80-81, might have booked profit at psychological resistance level of 100 but the investors who had bought at long term support zone of 60-65 might be waiting for counter to complete full circle.As higher top higher bottom structure is still valid, short term investors can look to buy 50% at 85 and rest 50% at 81 with stop loss below 74 for target 112.
Punjab National Bank Inverse Head and ShouldersTook some position above the neckline after PNB formed the Inverse Head Shoulder. The reversal has started and I expect the price to pull back to the neck line. Will take another position at this point. Target price is around 122
PUNJAB NATIONAL BANK (PNB), looks like moving in chanelin normal condition stocks keep oscillating around it's big moving average like 100 or 200 days.
unless something terrifying happened,
i looked pnb and observed that this stock is very much respectful towards its old supports and resistance.
also it looks like it is moving upside i channel. and its target is 200 ema
SELL || PNB || SL 84PNB temporarily has halted it upmove and hence one can short it for a target of 81 with SL of 84. Sell on rise for a better R-R
PUNJAB NATL BANK NSE: : PNB Long CallPUNJAB NATL BANK NSE: : PNB Long Call
buy Above : 76 if closing above 76 for one or two sessions.
Target : 78.4 , 80.2
PNB -Punjab National BankPNB -Punjab National Bank Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
A GREAT TRADING OPPORUNITY IN PNB WITH HIGH RISK REWARD RATIOAS YOU CAN SEE THERE IS A GREAT SUPPORT NEAR 68 TO 70 RS. CHANNEL SUPPORT AND FIBONACCI SUPPORT IS ALSO THERE . LAST TIME SUPPORT IS ALSO THERE. TARGET RATIO IS ALSO VERY GOOD
Punjab National Bank chart viewPNB
Levels are mentioned in the chart
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Falling Trendline Resistance - Short PNB - R R Ratio 1: 3.65PNB is testing Upper Trendline in a downward channel.
Upper downsloping Trendline may act as resistance.
Short at 77.20 ( cmp )
Stop-Loss 81
Target 63.35
Risk 4.92% & Reward 17.94%
Risk Reward Ratio 1 : 3.65
MOMENTUM TRADE IN PNB DEC FUTMOMENTUM TRADE IN PNB
RISING OI+
RISING ABOVE 74 AFTER LONG TIME++
RESISTANCE BROKEN WITH RISE IN OPEN INTEREST+++
DEC FUT
BUY@74.5
STOP@72.75
TARGET@78.5
LOT:5500
QTY:1
bank nifty IMPORTANT levels on different FRAMES all levels are important and taken from different frames , one can draw an own conclusion from the above
SWING TRADE IN PNB DEC FUTSWING TRADE IN PNB
DEC FUT
HOLDING THE TRENDLINE
BUY@71
STOP@70
TARGET@74
LOT:5500
QTY:1
