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Pnb

Intraday Trade: watch for trendline breakdownshort below 36.5 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapdown or bd before 9:20 If gapdown is more than 1% from bd level than avoid completely. if less than 1% or gives bd before 9:20 than wait for first 5 minute candle and entry below 5 minute candle and revised SL above candle high.
NSE:PNBShort
by stockkar
Swing Trading Opportunities for W/B 16-8-21TRADING WATCHLIST FOR W/B 16-08-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan. Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed. ON MY WATCHLIST FOR W/B 09-08-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS IDFC FIRST BANK PNB RBL BANK AURO PHARMA CHALET DAAWAT GM BREWERIES ICICIGI LIC HOUSING MOTILAL OSWAL SADBHAV Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well. I read it both ways - Either There is scope for Nifty to go up further as these scrips would eventually move up. Or Nifty may consolidate or drift until the overall market turns bullish for several leading names as well. SECTORS LOOKING GOOD FOR LONG POSITIONS- BANK NIFTY CPSE ENERGY FIN SERVICES During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well. Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the set up and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 14-08-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
PNB - Punjab National Bank - Technical AnalysisPNB - Punjab National Bank NSE:PNB This is a pure technical analysis call backed by the banking theme. > The stock has taken support at 25 levels and after consolidating for 1 and 3 months it is ready to give breakout with huge volume , accumulation in the stock can be seen since December 2020. > The stoch has also crossed 100 and 200 DMAs very recently, strong upmove is around the corner. > A lot of movement can be seen in almost all PSU banks. > NIFTY PSU Bank index chart is in massive UPTREND. When entire sector is performing individual stocks are most likely to run along. > I have selected PNB and BOB because of it's wonderful chart pattern. > One more very important thing is that government is about to setup a BAD BANK. Which will help all PSU banks tremendously clean their balance sheet , consequently valuations of these PSU banks will automatically improve. What is BAD BANK? A bad bank is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. The entity holding significant nonperforming assets will sell these holdings to the bad bank at market price. By transferring such assets to the bad bank, the original institution may clear its balance sheet—although it will still be forced to take write-downs. This will help all PSU banks to get rid of their NPAs. FRESH BUY - AT CMP 41 OLD BUY - HOLD TARGET 1 - 100 (+150% aprx) TARGET 2 - 135 (+225% aprx) Risk Management Tip: Never invest more than 5% of your capital in any single stock. Happy Investing! Team ShareMktSchool
NSE:PNBLong
by ShareMarketSchool
Punjab National Bank : The Big Bull flagDear Fellow traders, Punjab National Bank has formed a bull flag on the monthly chart. The point C is the real bottom for PNB after the bearish divergence that started from point A. Point C is the end of bearish divergence for two reasons: 1. Point C on price chart: There is a double bottom that has been formed at point C. 2. Point C on RSI: RSI hit the lowest at point C since the listing of Punjab National Bank. What was the bearish divergence ? Point A: The real top for RSI. The price moved higher at point B from point A on the price chart but RSI was lower on Point B than point A. My view from here on is extremely bullish for Punjab National Bank. Short term target: 60 Medium term target: 185 Long term target : 300-400, but if it breaches that trendline on the chart to enter the upper channel, probabilities of attaining 500 rupees and even more will be higher. But that will take about 5-10 years to be achieved. Note: This is not a financial advice. Please do your own research before investing.
NSE:PNBLong
by kingpannu
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