PNB trade ideas
ending the shorting time and may starting long again PNB moving towards support , if it doesn't break it , then will begin it upward journey again
pnb bank in a long term down trend but when shoots upit goes up above 150% but it takes a year or two
only the main concern is its goverment
so nothing can be said
Taken support Moving within a channel Watch PNB as it takes support as moves up towards the channel resistance.
PNB | Double Bottom & Accumulation zone 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕
--Buy Above =35.85 or CMP
--Target = 56.75
--Stop-loss =30.20
--R:R = 3.7
--Expected Profit = 58 %
--Expected Holding = 3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) pnb is in range now & having a really high volumes after the fake breakout
2) Kind of a double bottom & accumulation zone
3) Trendline is also broken
4) target is somehow based on resistance zone as well
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PNB inverted head and shoulder pattern on daily chartWaiting for the breakout of PNB inverted head and shoulder pattern.
Price is on the right shoulder rignt now
Target would be 50 after the breaout level of 38-39 with good volume.
PUNJAB NATIONAL BANK TREND ANALYSIS AS THE STOCK IS IN UPWARD TREND WILL MEETS IT SUPPORT AND RESISTANCE LEVEL WITH THE TREND LINE.
PNB - Expecting a breakoutA complete analysis of PNB. Presently price is trading inside a box and it is about to break the resistance. If breaks 40 - 42 levels then 60 will be the next target for this breakout.
One can expect a retest after the breakout, there is a 20% chance that price may reach 60 in one shot.
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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.
Intraday - PNBIntraday traders may search for long entry in PNB till it waha 38.2 level
& is it crosses & closes above it, one may again re-enter in Intraday long traders till 42 level.
Please maintain atleast R2R of 1:3
PNB Swing Trade OpportunityPNB Swing Trade Opportunity
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
Looking for a breakoutLet's hope for the best... Please help me commenting my errors.
Thanks & Regards
PNB: Super Long Setup with attractive entry...Long in the range of INR 33-34 with SL of 200 SMA (currently @32) for a move towards recent swing high of INR 42-43 and then higher towards INR 50+
PNB Cup And HandlePNB Creating Cup And Handle. And Thare was A Gap Which Not Filled Up.sooner or Later It will Comes to Fill The Gape.
Target -41
Its only For Educational Purpose discuss with your Legal Advisor Or Friend Before Trade.
