PANJAB NATIONAL BANK - LONG @ 128 - PSU sectors are also moving high.
Technically also bulling view
fundamentally also company very strong
new investments like mutual funds investors increasing.
Greetings 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...
Bad Time Is Over For PNB
Huge Breakout
Buy At Cmp 76.75
Add Till 67/69
Add More In Panic To 60/62
SL - 44 ( Monthly Closing Basis )
Target - 220/300
Highest Monthly Volumes, Big Up Move Is Coming.
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 82
#This is not Buy and Sell recommendation to any one. This is for education...
PNB 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 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...
PNB Share soon taking a Breakout because its bottom trendline is very strong.
if you see it takes the support on Trendline then there is an opportunity of buying
Let's wait and watch!!!
PNB
Buy-Above 38
Sl-35
T- 43 47 50+
All banking stocks have almost the same structure after 35500 in banknifty was taken out.
The stock is good in terms of risk and reward.
One 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.
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...
Trade PNB by considering the important level as demand and supply zone .
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Happy investing for better future .
PNB - 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...
Punjab National bank has tested the resistance zone/ supply zone multiple times. Hence the sellers are becoming weak now and buyers are getting stronger. If the buyers are able to close the price above the supply zone, the stock may show a good upmove.
PNB Bank is showing 2 bullish patterns and also it gave golden crossover recently!
lookout for the month of July, it's going to be the month where banking stocks dominate the market!
immediate targets and SL are marked in pink.
