Pnbanalysis
#PNB LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of PNB on NSE
the analysis is as follows-
-the price recently broke out of a bullish pattern
- The price is kinda stretched right now, can use some temporary support for more momentum
- i have marked the most immediate strong support zone
- this trade setup might play in 2-3 days as the support zone is not in reach of price right now
don't play with fire, always use a predefined stoploss
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.
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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 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
Punjab National Bank: High Probability TradingOne of the nice set up here on the charts of Punjab National Bank. This looks like a great trade with perfect risk to reward ratio.
Rough Set up.
Buy Price - Around 40-41
Stop loss - Around 38.5-38
1st Target - 43 🎯
2nd Target - 47 🔥
This is not a buy recommendation from our side. Just showing how to plan a trade and be ready to take calculated risk against good profit.
Simple Trade Setup | PNB NSE:PNB
I am posting this on request from a follower on Twitter.
Observations:
1) On 1 Day time frame, we can see that it has support at 44 level and resistance at 46 level.
And it closed just below the resistance level. If it gives sustainable breakout of 46 level and sustain above 46 then we can see further up move till 48 and 50 level.
But if it faces resistance from 46 level then we can see a downfall till 44 level.
My personal opinion is that better to trade with equity in this at this moment with positional trade.
Please refer below chart : 1day Time Frame.
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
PNB: HIGH POTENTIAL BUT GREATLY UNDERVALUED STOCK!Punjab National Bank is a very good stock, on the verge of breakout. I recommend this stock for the long term, as it has very high potential but has been severely beaten down due to the Nirav Modi fraud and a few other incidents.
1. Volumes are at all time high, suggesting market interest in the stock.
2. VERY undervalued for the sort of company it is, and business it does.
3. Mehul Choksi could get deported to India any time soon. The ensuing trial could help PNB realize a portion (if not all) of the bad debts written off immediately after the fraud took place.
4. Look for weekly candle closing above 44-46 range for targets of 60/110/160/200+
PNB looks great on charts, inverse head and shoulder formationHello Every One,
I am sharing herewith the PNB stock trading idea, on daily charts of PNB share you can find a formation of inverse head and shoulder formation which offers great trade set up with the risk to reward ratio of 1:4 and the traders can take position in cash and F&O as per their risk appetite. This post published here is only for Educational Purpose and do consult your financial advisor before taking any trade decision.
Once the inverse head and shoulder target met, then the stock is expected to be bullish on weekly charts for further upside potential.