Pnblong
PNB- LONG, Support from Fib level and RSI breakoutPNB- 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.
PNB Long Term TradeThe 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 InvestmentPUNJAB 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 in rectangular range 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 closes above the trendline at the end of the week.
Duration: Medium term (few weeks).
PNB short term trade chartPNB BUY with SL 63 Trgt 78+
2 Strategies mentioned post profits reported by PNB in Q1 earnings.
Breakout expected in next week.
OR
Buy PNB 75 CE Aug19 @ 1.25
Buy PNB 80 CE Aug19 @ 0.60
PNB long Position 86 - 90 Target CMP 76.90 SL 73As the stock is trading in the channel a short-term uptrend is to be witnessed as per the chart analysis
BUY @ near CMP 76.90
SL @ 73
TARGET 86 to 90
Time Period 15 to 20 days.
PNB PERFECT TIME TO BUY.IF PNB CLOSE CROSS 89 ON MONADY 27/05/2019 PERFECT TIME TO BUY. WITH STOP LOSS OF 78 RS. AND TARGET WILL BE 125 OR 128.
MACD INDICATOR IS ALSO SHOWING GOOD SIGNAL.
A GREAT TRADING OPPORUNITY IN PNB WITH HIGH RISK REWARD RATIOAS YOU CAN SEE THERE IS A GREAT SUPPORT NEAR 68 TO 70 RS. CHANNEL SUPPORT AND FIBONACCI SUPPORT IS ALSO THERE . LAST TIME SUPPORT IS ALSO THERE. TARGET RATIO IS ALSO VERY GOOD
MOMENTUM TRADE IN PNB DEC FUTMOMENTUM TRADE IN PNB
RISING OI+
RISING ABOVE 74 AFTER LONG TIME++
RESISTANCE BROKEN WITH RISE IN OPEN INTEREST+++
DEC FUT
BUY@74.5
STOP@72.75
TARGET@78.5
LOT:5500
QTY:1
SWING TRADE IN PNB DEC FUTSWING TRADE IN PNB
DEC FUT
HOLDING THE TRENDLINE
BUY@71
STOP@70
TARGET@74
LOT:5500
QTY:1
PNB ADX AnalysisHey Everyone!
Here I will apply something known as Average Directional Index (ADX).
As we know, the ADX line indicates the strength of underlying trend, be it upwards or downwards. It is composed of two other lines, +DI(green) and the -DI(red) line.
It indicates, how strong or weak the buyers or sellers are.
Few traders use this to understand the reversal of a previous trend and the start of a new.
After 28th June, we have seen the ADX line changing its course after being above both the DI lines and fell below 40. This indicates that the previous trend(in PNB's case it was the downtrend) is at an end.
Personal prediction says that the ADX line will soon move above 20 and the uptrend shall start. But general idea is to initiate the trade after it crosses 20.
We have to understand one more point, that a longer time under 20 means the greater signification of the signal(buy or sell).
Another thing which can be seen here is the DI line crossover. here the +DI is above the -DI which indicates the the buyers are taking over the market.
This is my idea about the upcoming movements of PNB.
Cheers! Happy Trading!
PNB buy setup (risky counter trend trade)Buy PNB at CMP (96+)
This is a risky counter trend trade so its safe to go long in tiny position size in cash market.
SL: 91
Target: 120
PNB BUY with a small stop loss of 109 for target of 125-128I bought 1000 PNB today at 111.6.... playing for the bounce from its support of 111-112 which is also its 52 week low .....with small stoploss of 108.6...
as per news it may look risky , but as per chart it is a good trade as per risk reward.
even if it reaches 117.6 ... R:R will be 1:2 ..and as per chart odds are with me ;)
