Trade PNB by considering the important level as demand and supply zone .
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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.
PNB- Long.
It gave a breakout and has retested it successfully and now the next target is around 38 and then 42. If it clears these two then the next target is 50. PSU Banks index is also looking good.
The stock is looking good at this price for the long term, safe traders can keep SL for 3 points (29.5) and refer to the chart for the targets.
Happy Trading!
InvestPro India Team
PUNJAB NATIONAL BANK
#INVESTMENT
BUY PNB above 40
ACCUMULATE TILL 32
SL 24 (CLB)
TARGETS 75-150+
3YEARS HOLDING
SMALL PLAYERS START DOING SIP IN THIS STOCK
#ankur #investment
PNB has been trading in a rectangular range for weeks now.
Also, within the consolidation, the increase in volumes is often observed when there is an upward move.
In the downward move, the volumes are often subdued.
Also, there is a trendline that the stock is going to test soon upwards.
This could be a good move for the stock on the upside if the stock...
