Pnb
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
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PNB about to Channel Breakout @53.90PNB 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
PNB--Intraday-Setup--31/03/2023PNB--Hourly chart --intraday setup --31/03/2023
TECHNICAL OBSERVATIONS .
1. Hourly chart trendline breakout seen
2. Hourly resistance breakout level seen
3. Above 24,35,200 HMA on hourly chart
4. CCI , EMA Cross bullish zone
5. ENTRY above 46.50 INTRADAY target 47-48 + Stop loss 45
6. Pullback of nifty and bank nifty at hourly chart .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk
HAPPY TRADING . 11
PNB Housing Monthly Investment AnalysisPNB Housing Monthly Analysis
PNB Housing Monthly Investment Analysis Based On Technical Analysis and Completely Based On My Knowledge and It's My Personal View
As Per the Analysis for PNB Housing For Monthly Chart, I am expecting that PNB Housing Share is on very important levels as per monthly charts, 500-620 is a level where it will trade as zero line zone means we will initiate any buying until it is rangebound under these levels, if it will go above the 620 levels then we can expect
3 Months Target as 750 - 760,
7 Months Target as 1000-1020,
15 Months Target as 1150 - 1250
and If PNB Housing wouldn't sustained above 620 levels then we can expect these below levels, if it will came below 500 levels
5 to 6 months target would be 330-350
11 to 12 months target would be 150-170
Disclaimer : These analysis are purely based on Technical Analysis, I Don't Recommend You to Buy or Trade or Make Any Investment Based On Above Levels.
I Always Request You to Please Do Your Own Analysis Before Taking Any Trade or Starting Investment or Consult Your Financial Advisor To Take Investment Related Decisions
PNB ---MULTIBAGGER 2023 PNB --Monthly Chart setup -- Potential multibagger 2023
1. Monthly trendline breakout, lower channel breakout seen on chart last Monthly candle .
2. Monthly resistance breakout above 48 level on current month candle .
3. ROUNDED BOTTOM chart pattern formation seen after double bottom .
4. RSI ABove 60, above wma bullish techncial indicators.
5. Upside potiential 50-80% From current level in 1 year timeframe
6. ENTRY 55-58 TARGET --60-80-100 stop loss bellow support level 40 which is previous month candle low.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Trade at own risk !1
HAPPY TRADING. !!! HAPPY NEW YEAR !!!
PNB atlast near to its bottomDO PNB DESERVE A PLACE IN PORTFOLIO?
As everyone is mad with the behaviour of PNB, and with all the projections of it becoming zero, I feel it's my responsibility to add my bits. well PNB is not a stock for weak hearts to stick onto. It has underperformed our banking cycle. with all the boom and busts in the economy, PNB has resulted in losing its market cap. Can it stop falling more? the point is it may or may not. But we are not operators with huge amount to manage our positions. As a retailer what we can do is we can minimise our risk with risk to reward. So where do PNB stand today, on long term price behaviour I feel it is in wave 5,which resulted in sideways movement. on daily time frame it is making an Ending diagonal (Elliott wave pattern). As of today I believe last leg of fall remaining (which will take it to 27.80,Monthly strong demand zone and 8/1 of dynamic square), or bottom is done (meaning subwave 1 is complete) Possibility wise PNB is approaching its 144th monthly fibonacci bar, and as we all know 144th cycle is favourite of legendary WD GANN, so something exciting is waiting for PNB investors. apart from this pnb will also be facing its yearly pivot in 2023 (21 years) and quarterly reversal zone in 01 june 2024. On the other hand PNB doesn't have any meaningful resistance (Untested Supply zone) till 62. So the risk to reward ratio is good and for long term there is a possibility that it may touch triple-digit soon.
IM NOT A SEBI REGISTERED ADVISOR, I SHARE WHAT I SEE. SO risk v apna apna aur ishq bhi APNA. Stay safe and happy investing
PNB - Ichimoku Bullish Breakout 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 47
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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