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Punjabnationalbank

NSE PNB is Preparing for a Corrective BreakoutTimeframe: Daily NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91. The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to break and sustain above wave iv at 112 . Upon holding above this level, traders can aim for targets of 117 – 126 – 137+. Even if the price falls below wave (Y), traders can only buy after the breakout of 112. Stay tuned for further updates!
NSE:PNB
by Trade-Technique
4
YR 2022 Idea #122: Long on PNBThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:PNBLong
by onerighttrade
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 LTD.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 Trendline for that. To be precise above 43.10 on weekly closing basis (as this is a weekly chart). Once this is confirmed and the wave enters the desired zone then it can give a easy run upto 59.70(first target) - 72.50(second target). It has recently taken the 135 trendline as resistance but I hope soon or sooner it will breakout into the desired zone to run for the targets.Of-course patience is required when we are targeting above 50%-70% return. We need to understand :The condition of bank is definitely reflected in its share price, because market is always right. But let's be honest, will the condition remain same for the PSU Banks. Isn't it too long for the things the way they have been ? The very basic of Technical Analysis states,If a stock or index is in a pattern and if there is no news, market will make one to complete the pattern. Lets not forget market is a leading indicator not a lagging indicator of economy, Similar is with the share prices too. A small changes(hope) can make the share price fly even if it is not implemented and haven't changed the income statement but will in future .So lets be positive and hope for the best. Ultimately I am just a chartist and i can go wrong. Please like and Follow. CHART & ANALYSIS BY ADARSH DEY
NSE:PNBLong
by AdarshDey
1
PNB: HIGH POTENTIAL BUT GREATLY UNDERVALUED STOCK!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 business it does. 3. Mehul Choksi could get deported to India any time soon. The ensuing trial could help PNB realize a portion (if not all) of the bad debts written off immediately after the fraud took place. 4. Look for weekly candle closing above 44-46 range for targets of 60/110/160/200+
NSE:PNB
by adwaithumesh