PNB Flag FLag Flag BreakoutPNB, after an impossible rally, its making a flag, obviously. Awaiting a breakout or reversal
PNB trade ideas
PNBThe stock has broken down and is taking cue from Bank Nifty. Keeping a tight SL of 131.9 can it do levels of 127 and then 122 subsequently? Let's see!
Long PNB.As explained in the chart, PNB is testing a major horizontal level. So long at current levels.
SKY FALLIf somebody told its going to go North , Watch out its going to be Sky fall , there is not chance it will rise before hitting these levels
Regards
The Butterfly: Perched On Thin Lines'If' the stock breaks the bullish trend line, it would not be a good sign for bulls. In that case, bears can put the butterfly in action below 132, and the stock might taste 115 and 97 in near future. A potential reversal can be expected at 92-97 zone.
Trade Safe, Be Healthy.
Hit Like if this information is useful.
Regards
Bravetotrade
Positional Long PNB only positional Long PNB
Double bottom pick
cmp : 129
Target: 135-138 (approx 5%)
Duration : 8-10 days
SL : 127-125
pnbpattern suggest it has formed a h&s pattern. but stock has taken support at neckline and hence formed a doji hammer . so long can be taken with low of doji as sl for 145 plus targets.
short below doji low.
lets see how does price action behaves here
BEARISH BAT in PNBBEARISH BAT in PNB.
One can short PNB with a TARGET 1 till 38.2 %retracement and TARGET 2 till 61.8% retracement with STOPLOSS till red line
PNB - Spinning Top on daily It has been range bound between 146 and 137 for the past 2 weeks. Each time at resistance level 146, it forms a spinning top and moves downwards. Let us see what happens on Monday.
PNB- Name to bank upon for Diwali 2017 @180-185Last Price@142
This is medium to long term outlook which can take close to 40-50 Days having reward to risk ratio of 6:1 with stops below 132 & target upside between 180-185.
Short term zone of 140-142 is an important support zone.
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We can look to bank upon PNB this time as it respected the zone 132-135 which was a strong support zone & the googly turned back as mentioned below in previous update.
Final leg could complete in 180-185 Zone -this Diwali 2017, I look forward to celebrate diwali with PNB not to forget "with an open eye" .
Magic of Googly below 142 for 135
Googly returns back to starting point
Fevicol - unbreakable
Double Top & Bearish Bat@164.30
PNB - Left Home@151.80 - Realised the quake-Low@138- What Next ?Last Price@142.30
I realised the quake is coming so for safety reasons I went out of home@151.80 - Post that what happened that home was hit hard@137-138
Things will calm down & we should hope for normal day 2 day function. This is no analysis. Do your own study. Thanks
Wake up or V-cup with PNB@148-149 - Exit@151.80
PNB | Double top PNB confirms Double top pattern. Can short now with stop above 164.20 and with 143.40 as target. We might get entry between 154 and 156 as a retracement to double top neck level, however the trend looks strong that it's heading down straight away.
PNB might cover the gapPNB had opened gap up on 10th July. Yesterday it closed close to the gap up open price. Seeing the volumes from past 2 days it is more likely to fall today to cover the gap. We can short below 149 for the target of 144. Stop loss can be 152.
PNB - Wake up or V-Cup with PNB@148-149You want to Wake up or take the V- cup - your choice. It has retraced 50% of the rise from 132 to 164 at closing price for the day @148-149.
The zone of interest 148-149 was shown in previous post which was travelled today on account of dalal street bleeding for the day & PNB cracked below 157 updated early morning@08:11 Hrs - 3rd Aug2017. Travelling again & again in the zone 157-158 (We need to pack our bags) - after an idea was published as shown below - we changed as markets wanted us to do so ( after all trend is your friend)
What Next ?
As I always say - never hurry in the markets ( There is a saying very commonly used by all of us - "He whose mouth has been burnt by hot milk even blows on buttermilk when drinking it!" )
So, wait let market show interest then we take interest. we shall look for a cautious bounce if markets support the initial move holding above 145-146 Zone.
Once you have taken the V-( Victory) cup - It will boost you for solid performance next.
Note- Try the V-cup on your own risk.
Fire with Cypher@157 - I turned upside did you -- I dumped as well in time, did you ? - react with a sonic speed if you want to survive in markets.
Bat was sitting in the cup - It is scary!
Triangle be the mother of shark - 159 to 149-146 (Took a longer path but the destination was reached)
PNB - Can Triangle be the mother of shark- 159 to 149-146Hardly moved from our target zone of 157-158 as expected in last update. The way it has moved since our target achieved -we think some thing is left downside.
So, here comes shark after triangle or triangle - the mother of shark
Holding below 160 levels as bulls can come back sharply above that level. PNB can complete the shark pattern's final leg in the zone 148.50- 149.50 & if extends downside then can test 145-146 zone which is the second permitted extension 113% for shark.
Target Zone -148.50-149.50
Target Extension - 145-146
Note
This move is valid till the time PNB stays below 160 level- Above 160 level - Bulls will show their power or we complete the shark in 145-149 zone & Boom Next
Previous Update - The Zone of 154-155- Fevicol ka jod hai
PNB - Fire with Cypher @157- I turned upside- Did you!Last Price@160
PNB on fire with the cypher right at the bottom@157 where we booked partial profits yesterday in 2nd downside target.
Target -164 - 176+
Trading Plan
Moving above 158.50 -159 it will show its way for upside & we got an opportunity back again with volatile action close to 157-158 just within last hour of trading protecting 156 on downside.
We are in the trade with zero risk.
Previous Update - Bearish Bat below 161 to 159-156
PNB - Bearish Bat at 163- activates below 161 for 159-156.50-154Bearish Bat can activate below 161 for 159- 156.50-154.50 & finally 152. My important part of trading is risk management -if you can manage the risk you become winner in the trade.
So, trade set up activates below 161 & one should put stop loss of upcoming high or high which is already in place above mentioned targets.
Possible Long set up for Day trade I am looking two possibility for day trading
01) Either they will brake current market to down ward and re-test( 152/155) the low before making new High to 162+
02) Or the Stock can Gap up and tag the Upper trend line or brake the TL and then starts down ward to retest the low , before making another move above 162+
in both case i am expecting the re-test to low before making impulsive move to further higher high
Lets see what happens
Regards
