PNB - the next decade multibaggerPNB seems to have completed larger degree wave 2 and could give multibagger 10x returns in the next few year.
Invest in this second largest PSB and forget for a few years.
Lower time frame analysis to follow
PNB trade ideas
LONG INVESTMENT IDEA ON PNBBUY PNB @32
ADD MORE AT 40
SL OF 26.20 CLOSING BASIS
TARGET 59 SINGLE TARGET
Rate of change of slope - PH101"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince. Following are the observations:
1. Slope is accelerating, price as on date is 31.35.
2. Child Swings are in making, soon they will convert into mother swing.
3. Mountain base has formed (overall till date) and last swing high has been breached.
4. lower parallel and sliding parallel of pitchfork are working as dynamic demand line. Dynamic supply lines are varying.
5. Prices are consolidating in range. First target is top of range i.e 40.
6. Prices forming higher high and higher lows.
7. Last Horizontal supply zone converted into Demand zone. Can initiate long when price come to this zone i.e a push trade opportunity.
8. Stop loss can be placed below demand zone i.e at 29.5
9. Pivots are forming at reaction line in similar fashion, the way they formed on action lines.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
PNB Cup and Handle breakout above 30PNB on 15mins chart has formed a cup and handle flag pattern. Above 30 likely to test 31.20
PNB : Diwali Pick for 3months to 15months holding As TF is weekly, trade duration will be 3 months to 15 months.
In simple words :
Buy around 28~31
With SL on weekly closing basis at 25.30
With targets of 38+ and 67+
Other triggers and observations on chart.
PNB in rectangular range PNB has been trading in a rectangular range for weeks now.
Also, within the consolidation, the increase in volumes is often observed when there is an upward move.
In the downward move, the volumes are often subdued.
Also, there is a trendline that the stock is going to test soon upwards.
This could be a good move for the stock on the upside if the stock closes above the trendline at the end of the week.
Duration: Medium term (few weeks).
punjab national bankPNB:- buy at 27/28 for target 37/40 sl 23 dcb
#Disclaimer:-I just shared view for only educational purpose.
pnb longpunjab national is a long candidate with 26 sl for higher side trail targets with rr in favour with dual bottom and rsi +ve divergence
Option Trading ( Positional ) One Can look for buying Options STRICK PRICE ATM 27.00 Buy price @ 1.6 and book @ 2.4 /2.65
Options Trading involves Risk , I am not giving stop loss here the voluntary stop loss is @ 1.00
I usually don't give Options Reference on social site but this one is Tempting me to give out
if you have less Capital then Trade in Cash , Good luck
Final Termination , investment Opportunity Friends PNB is heading for final drop to 26.00 invest in it and hold it for 3 Years it will go to 100+, This scrip is going to Run stronger then ever ,
if you invest 25000 Now after 3 Years it will 100000 , take the decision as per your convivence , there is no other Bigger returns then such Opportunity
even you invest 5000 it will turn in 20000 by 3 Years ,
Good luck
CrucialSupportPNB Stock is trading at near to crucial Support 26.35. Stock accumulation is started.
investor can buy at 26 target 29
PNB BearishPNB Bearish - Double top in full play
If breaks the trendline can be too bad as well
If it respects the trendline in coming weeks, could be a turn around.
Another bank stock at supportPrice at support. last analysis we expect the rounding bottom breakout and it din't worked as the price rejects once again from the resistance levels.
Now one can buy this stock with small stoploss.
Rounding bottom - Look for the break !!Price forming a rounding bottom and reaching the resistance level with good bullish movement. Wait for the march month resistance to break and enter the trade.
