PNB LONGabove 41.5
support at 30
weak below 25
very very good volume on BO
currently above all important moving average
PNB trade ideas
Cup and Handle patternNSE:PNB has high chance to form cup and handle pattern. Remember that it didn't breakout the previous pattern, so it may breakout for sure this time. Unless and until we receive any negative news, we can expect positive movement.
PNB TREND ANALYSIS SHOWS UPPER MOVE OR BREAKOUT*I'm new please don't make a trading decision based on my charts
PNB shows a double bottom pattern and two trends line supports and resistance are marked. In long term, it will give gain as per the analysis.
PNB Box BreakoutPNB | Box Breakout with Good Volume |
Current Market Price( CMP ) crossed EMA 200.
PSU Banks looking good.
Technicals are bullish.
CMP: 40.60
SL : 37
Target 1: 46
Target 2: 60
Follow strict stop-loss.
This is not a recommendation and is for educational purposes only.
Always follow risk-reward and quantity management.
The above mentioned idea may not work, so beware of the risk you are taking.
PNB - a double bottom and breakoutPNB made a double bottom with strong bullish divergence on RSI. It is a breakout already and can push to 60 level
PNB looks bullishPNB 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
Buy Punjab National Bank - Big TargetIt has given a clear breakout after double bottom and and crossed 200 and 50 MA and may give a huge targets for short term as no strong resistance nearby.
Only buy, only buy, only buy.
PNB Neckline breakoutAs we can see in the chart, PNB in daily timeframe is breaking neckline of left shoulder, head and right shoulder in upward direction. It is pure buying call for traders. Also it has given breakout to down trend.
Buy PNB for a good swingPNB has given a double bottom pattern breakout plus a long term trendline breakout
target for short term is 54 according to fibonacci and previous resistance.
PNB BREAKOUTTAKE SOME QUANTITY FOR SWING TRADE IN PNB. ALREADY IT BREAKOUT THE RESISTANCE. TAKE IT WITH SMALL STOPLOSS. THANK YOU
PNBPNB has given weekly breakout with good consolidation and volumes
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading.
Bullish, Resistance level Breakdown If PNB opens at the previous closing level it will be good for buy.
It already breaks their upper resistance level and reverses back for an uptrend move.
Bullish Gartley Pattern on Punjab National BankBullish Gartley pattern on Punjab National Bank bought exact at 27 still holding my longs for target of 48
PNB - Double Bottom - Breakout - LongPNB has formed double bottom and it has provide breakout the neckline above 38.65 which has strong resistance in daily time frame.
Hence, the breakout has happended we can go for long
Buy Above 40
Target - 52
SL - 30.50
Disclaimer: Kindly do your own analysis before executing the trade
Punjab National Bank PNB Bullish BreakoutPNB NSE:PNB recently had a breakout from resistance levels of 38.5 from which it faced rejection thrice earlier.
On the daily timeframe, the script had earlier broken out of long term down trend line making Double Bottom at 26.5 levels.
PNB broke out of 38.5 resistance levels on back of high volume & reversed from the same levels after testing the levels on back of low volumes (resistance now turning support).
38.5 now seems like a good support for further up journey.
On a weekly timeframe, once bounced from 26.5 second time, clear volume expansion with wide range buying candles indicates buying conviction.
Seeing the rally in banknifty, PSU Bank's participation was quite low. Now that Private banks have somewhat reached their saturation levels, PSU banks can lead the rally.
After crossing the hurdle of 38.5, we may see PNB gliding away to next big hurdle of 55 levels.
So longs can be initiated from current levels for targets around 55 with SL at 35 (the low of wide range & high volume breakout candle).
PNB Wave Count PNB has recently showed the move. It has given the break-out on the levels of Rs. 38.This is a slow-moving python, Wave count suggests that we are in to very short time correction which is infolding now. Possible first leg of in the form of Zig-Zag is unfolding, which would complete the wave A downwards. Currently we are in wave - b of first leg of correction.
This is my opinion, please invest on your own risk.
