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Punjab

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.
NSE:PNB
by Trading_hawk
Punjab National Bank : The Big Bull flagDear Fellow traders, Punjab National Bank has formed a bull flag on the monthly chart. The point C is the real bottom for PNB after the bearish divergence that started from point A. Point C is the end of bearish divergence for two reasons: 1. Point C on price chart: There is a double bottom that has been formed at point C. 2. Point C on RSI: RSI hit the lowest at point C since the listing of Punjab National Bank. What was the bearish divergence ? Point A: The real top for RSI. The price moved higher at point B from point A on the price chart but RSI was lower on Point B than point A. My view from here on is extremely bullish for Punjab National Bank. Short term target: 60 Medium term target: 185 Long term target : 300-400, but if it breaches that trendline on the chart to enter the upper channel, probabilities of attaining 500 rupees and even more will be higher. But that will take about 5-10 years to be achieved. Note: This is not a financial advice. Please do your own research before investing.
NSE:PNBLong
by kingpannu
4
PNB – Accumulation Phase with Volume wait for breakout.Entry – above 42.55 only (else Stock is in Sideways Trend) Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up) Target 1 – 59.7 Target 2 – 85.4 Duration – 1-2years Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book. Technically, Good Accumulation is seen in this script around 33 to 39 levels. However selling Pressure seen around 42.55 Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:PNB
by SagirKazi
8