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
Pnb
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
PNB RISING WITH BULLISH TRENDLINE AND MOVING AVERAGE CROSSOVERConstant support on trendline on daily chart
20-dma providing support constantly
today there is a possibility of 20-dma crossover 50-dma
FUTURES TRADE NOV/DEC
INTRA-DAY TRADE
BUY@71.35
STOP@70.35
TARGET@73.85
IF BREAKS 74.5 AND CLOSES ABOVE
BUY@75
STOP@73.80
TARGET@83.85
LOT:5500
QTY:1
channelthe is trading channel and it has reached it high.so we will enter in an aggressive way with stops above the demand zone
sbin , iss paar ya uss paar !!!!2 scenario under construction in the stock as even described in charts .
BUY PNB BANKBUY PNB AT CMP 82
SL 78 (CLOSING BASIS)
TARGET 1: 90
TARGET 2: 10
THIS STOCK VERY STRONG BASED ON EQ DELIVERY VOLUME
BANK NIFTY SETUP, STOP LOSS ,LEVELS & option strategy ! looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high.
yes bank may consolidATE as like axis bank .
Indusind will approAch new LTH .
and sooner or later hdfc will come into picture to keep the show GO ON !
PNB fine tuned Technical. Even though it was 8% RED candle, only 2.92% OI was increased. Naturally, Active FNO Traders had lost their interest. 19446K shares were marked as delivery in 139040K trading volume resulting only 13.99% marked delivery of total volume. If any body analyse marked delivery as well as trading volume, it guides that only Intraday Traders had interest in the counter. Volume was one of the highest during last quarter. They hammered with big volume. Share was hardly recovered from its bottom, as it had short tail of 0.60 in future rates.
One can easily guess that during next session, share shall get followup. Hardly there are scope of recovery until some extraordinary announcement.
Big RED candles has followup. Big means how big? Normally bigger than 2.5% RED candle having huge volume in daily chart, gets followups.
AXIS BANK Trade set up .the baton of 5% upmove might now be passed to this stock now !
after a tough resistance been breached on weekly frame stage is set for big big move !
