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.
Idea is self explanatory... In weekly chart stock is giving breakout with good amount of volume. I have provided SL along with 3 targets. Keep in mind book partial profit with every target and 3rd target may take time with few consolidations.
Note: I'm new to technical analysis, do your own maths. I'm open to new ideas and flaws in my analysis, so please do...
One of the largest PSU Bank of India has hurted many investors in recent years. Although it needs courage to comment anything about this stock but analysing the pattern carefully, I have started feeling positive about this stock.
From its peak the counting of the 5th wave seems completed. But the upside reversal is not yet confirmed.It needs to trade above the 135...
Trade PNB by considering the important level as demand and supply zone .
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Happy investing for better future .
PNB has a very good technical structure on the hourly as well as the daily chart. We see that price has tested the support zone or the resistance multiple times and any up move from here may take the price higher up. This is also supported by the news that the The Enforcement Directorate (ED) on June 23 said that it had transferred a part of the seized assets in...
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...
Hello 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...
PNB Has Broken Its Downward Trendline and Keep Resistance At 39.2
If Day Closing is Above 39.2 , Next Target is 43.5 , 46.5 , 55
Stop Loss Below 36.5
ONLY FOR EDUCATION PURPOSE |
Buy PNB above 36 breakout as the stock has formed a strong support near 32. The stock has recovered well from its support and is on a roll to give a breakout. If the stock breaks out above 36 level buy it for 39-42 levels in the coming days. If the stock reaches 32, will update for a fresh position if possible.
