PNB: Buy Buy for a target of Rs 103 in near short term. Stock is at Trendline support and Price Support.
PNB trade ideas
PNB : Long Term BuyPNB has been observing 60-80 zone as long term support zone since 2007. We've seen buying emerge in this range and then counter giving 100-300% kind of return 12-18 months time. 5 month SMA has crossed above 8 month SMA which signifies that bottom has already been formed at 60 level. Earlier incidence of crossover of 5 MSMA over 8 MSMA has resulted in big fall or rise (Arrows). Big green candle has emerged last month with high volume suggesting probability of repetition of history. Also, counter has taken support in downward parallel channel with positive divergence on RSI (14).
Investors can accumulate stock in between 84-92 range with stop loss below 72 for target of 180-220 over a period of 12-15 months.
Punjab National Bank Inverse Head and ShouldersTook some position above the neckline after PNB formed the Inverse Head Shoulder. The reversal has started and I expect the price to pull back to the neck line. Will take another position at this point. Target price is around 122
PNB Monthly Analysis for April 2019This month's pivot are wider than previous month's indicating a sideways market for PNB.
Short @ R1/H3 if not they are not breached within few days and Long @ L3/CPR.
Dotted layers(H1,H2,L1,L2) will be the layers over which the PNB is likely to move.
If CPR(Dashed Blue Lines) is breached and sustained, S2/L5 should be your short target.
PNB opened between H3 and L3, confirming it's more likely be a sideways market.
PNB Yearly Analysis for 2019Most likely to trade between CPR(dotted blue lines) and L2 and oscillate in between for the rest of the year.
If CPR is crossed, upward trend is possible.
PNB Monthly Analysis for Mar 2019Dotted Dark Blue Line - CPR
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Red Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5
This pivot analysis may not work perfectly as it can predict market movement for equities and indexes with high liquidity.
PUNJAB NATIONAL BANK (PNB), looks like moving in chanelin normal condition stocks keep oscillating around it's big moving average like 100 or 200 days.
unless something terrifying happened,
i looked pnb and observed that this stock is very much respectful towards its old supports and resistance.
also it looks like it is moving upside i channel. and its target is 200 ema
Sell PNB if crosses below 81.9PNB has a probable head and shoulder pattern. RSI is crossing below 70
Sell if it crosses below 81.9
TGT 1 - 78.55
TGT 2 - 75.5
SL - 87
SELL || PNB || SL 84PNB temporarily has halted it upmove and hence one can short it for a target of 81 with SL of 84. Sell on rise for a better R-R
PUNJAB NATL BANK NSE: : PNB Long CallPUNJAB NATL BANK NSE: : PNB Long Call
buy Above : 76 if closing above 76 for one or two sessions.
Target : 78.4 , 80.2
Expiry Strategy: Sell 85 Call @ 0.45Recently, the price found a reversal below 200-EMA. MACD confirms the bearish trend. Expect Feb series expiry would below 85.
PNB -Punjab National BankPNB -Punjab National Bank Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
