PNB trade ideas
PNB Swing TradePNB is looking good for a swing trade , Pnb has seen a good consolidation from the highs of 45 , now it has taken support at S1 on Pivot and also respected the 100DMA ,PNB looking for a fresh upward swing with a target of 45-50 with Sl of 38, Also its result are expected to be out on 2nd of august expecting better than expected
PNB AT STRONG SUPPORTVery slow moving stock but definitely worth considering buying or holding, as we can see currentlt the stock is at good support of previous resistance.
looks safe to enter at current market price at RS 38.40 for target of RS 55.50, stop loss can be placed at RS 33.60
PNB intraday trade idea for 26th Jul#PNB entry and exit levels on the chart (refer black/blue lines). Place SL@1% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. Above 42.5 closing will lead the stock to fly. #intraday
PNB bank Short Term callCup and Handle is been already formed
Lower lip is giving signal to buy
Buy above 44.35
Time period: Expected 2 weeks
Stop loss around 39
Target 55
PNB IMP LEVELS Trade PNB by considering the important level as demand and supply zone .
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PNB - Punjab National Bank - Technical AnalysisPNB - Punjab National Bank
NSE:PNB
This is a pure technical analysis call backed by the banking theme.
> The stock has taken support at 25 levels and after consolidating for 1 and 3 months it is ready to give breakout with huge volume , accumulation in the stock can be seen since December 2020.
> The stoch has also crossed 100 and 200 DMAs very recently, strong upmove is around the corner.
> A lot of movement can be seen in almost all PSU banks.
> NIFTY PSU Bank index chart is in massive UPTREND. When entire sector is performing individual stocks are most likely to run along.
> I have selected PNB and BOB because of it's wonderful chart pattern.
> One more very important thing is that government is about to setup a BAD BANK. Which will help all PSU banks tremendously clean their balance sheet , consequently valuations of these PSU banks will automatically improve.
What is BAD BANK?
A bad bank is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. The entity holding significant nonperforming assets will sell these holdings to the bad bank at market price. By transferring such assets to the bad bank, the original institution may clear its balance sheet—although it will still be forced to take write-downs. This will help all PSU banks to get rid of their NPAs.
FRESH BUY - AT CMP 41
OLD BUY - HOLD
TARGET 1 - 100 (+150% aprx)
TARGET 2 - 135 (+225% aprx)
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Happy Investing!
Team ShareMktSchool
PNB - Price and Trend SetupLooking at PNB chart it looks like since price has broken downward trend 4x to 5x volumes are now seen on weekly basis. Price is in range and PSU banks are in demand these days.
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.
PNB is forming Bearish Bat Pattern on daily chart today.This is my analysis and I am a beginner in this I can be 100% wrong. so do your own due diligence and don't invest blindly.
PNB in rangePNB in Range. Unable To Break Resistance. Good Volume Required for Breakout. All those Holding it Keep an Eye as it is on crucial Level
This is Just for Educational Purposes.
PNB longIn this analysis , PNB analysis been done based upon pure Triangle Chart Pattern , 2 month and 6 month target been given , 2 month target is based upon 1 day time frame whereas 6 month is based upon weekly time frame ,
In my opinion PNB is not fundamentally strong enough hence you should do your own research before betting . BAd news can impact stock performance as seen previously , so dont bet heavy , use side money if possible otherwise ignore , focus on other good stocks
opinion my own
Thank you
PNB: ELEPHANT GETTING READY TO FLYOutperformer - 1) Reverse head & shoulder pattern. 2) Punjab National Bank up by 7.5% v/s NIFTY 50 up by 4.29% in last 1 month. 3) The stock is in the Buy Zone according to its historical P/E. 4) Stock is trading above all short and long term SMAs. Targets are: 58 and 66 in medium term.
PNB: CUP WITH HANDLE PATTERNPNB(D): LOOKS GOOD FOR MORE UPSIDE. 1) CUP WITH HANDLE FORMATION 2) VOLUME EXPANSION 3) TRADING ABOVE ALL SMAs.
