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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...
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...
Wait for activation i.e. Daily candle closing above Rs. 45. (Low risk traders) High risk traders can enter at CMP too. Inverted head and shoulders also spotted, strong bullish signal. Company expected to give a strong quarter as well. Keep in watchlist. NSE:PNB BSE:PNB
Pnb resistance breakout. Head & shoulder breakout but not supported by volume. Wait for retest before taking entry. Further resistance near 43. Caution: could be a false breakout Follow for more
Good Notes for PNB: * Consecutively 5th weekly green candle supported by good volumes *Monthly candle above 20MVA * Daily RSI around 58 * The daily and weekly charts show a squeeze pattern ready to breakout on either sides. When to enter - if Daily RSI crosses 60 or crucial resistance of 38.5 is breached. On the Daily RSI, one can see that in the recent past,...
it is a great opportunity to invest in this stock . buy in delivery for target of 44 stop loss will be 34 on close basis
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.
Buy at CMP or if it retraces till 38 levels Target 1 49s level Taregt 2 54s level SL 35s level
PNB has formed a double bottom pattern and brkout happened from the previous swing high levels. #positional Buy PNB at 40.6 Sl: 34 Tgt: 48, 65, 80, 100+ Time frame: 5-6 months
Bullish Gartley pattern on Punjab National Bank bought exact at 27 still holding my longs for target of 48
PNB has given breakout ( double bottom pattern as well as long term trend line) on daily chart . This breakout is supported with huge volume . post breakout, it has tested the support and ready for fresh upmove. Minimum upisde should be about Rs 50 Disclaimer : for education purpose only
In today's session, we have seen a strong buying volume in PNB near the breakout level of 38.70. After a breakout of this parallel channel, getting the next target according to a pattern is 51+. Possible this stock can trade above 59 in this month. Possible Trade: Buy PNB Above 38.50 Stop-loss - 35 Target 51 59+
punjab national is a long candidate with 26 sl for higher side trail targets with rr in favour with dual bottom and rsi +ve divergence
pnb technical analysis for trading on 21 august 2020 trade with strict stoploss Buy at 35. target 38.50-40 stoploss 33.50