Get started

Pnb

20 Jan ’24 — Probably the first working Saturday for a TraderNifty 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 as a resistance. Nifty was unable to breach it and it meant we would have either a flat or negative day. A lot of interesting things happened today. NiftyIT moved down and ended with -371pts ~ 1.00%. Most of them would not have noticed IT falling. The banks outperformed today, Kotak +2.41%, AUBANK +2.32%, CANBK +2.22%, PNB +2.74% & ICICI +0.95%. If not for these, Nifty would have had a serious fall today Nifty’s low today was lower than yesterday’s low and it has closed the gap from 18th Jan. The OTMs of both Nifty and BankNifty were trading in green and sometimes had unusual spikes often seen during low liquidity. Despite the quick announcement to have a working day today - the actual traded volumes or contracts were not that bad either. Initially, we thought DII and FII would not participate, but they ended up selling 719 & 545 crores today 63mts chart Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this. From a technical analysis perspective, Nifty looks range bound between 21913 and 21491. Falling below 21491 could auto-trigger further shorts and it could even be an avalanche. Our stance remains neutral for Tuesday, also note that Monday will be a holiday for the consecration of Ram Mandir in Ayodhya.
NSE:NIFTY
by viswaram
PNB next Potential Target according to Fibonaaci 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 log scale. According to this setup the next potential target is at 89.85 which is a 23.60% level of Fib extension. Thanks Er. Simranjit Singh Virdi
NSE:PNBLong
by ssvirdi
PNB - Ichimoku BreakoutStock 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 purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:PNBLong
by nikunjbhadja
PNB - Punjab National Bank🔹 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 support zones that can act as cushion and prevent the fall. ▸ Buyers will try to push the price higher once the overall market cools down. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:PNB
by aditichawla
1
PNB - Ichimoku BreakoutStock 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 purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:PNBLong
by nikunjbhadja
PNB Hourly chart looking bullishPNB 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 ******************************* 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 must make their own investment decisions based on their specific investment objectives and financial position.
NSE:PNBLong
by pranjalitigade