PNB | Triangle pattern | Long ONLY IF 155 is broken.PNB got a strong resistance @ 155 (notice is Daily time frame as well). Hence if 155 is taken out, triangle pattern will be confirmed and we can go long with 161.50 as target.
PNB trade ideas
PNB- Fevicol ka jod hai Tootega Nahi-155Famous tag line from a company which makes end result sticky. Fevicol level of 155 - not once it stopped - stops 4 times including an earlier occasion of 155.
It is a triangle which has formed if 150-151 zone is holded next then we look for 157-158 as next target.
Target -157-158
Holding above 150-151 zone next.
Googly or Doosra
Magic of Googly -yet to come below 142 for 135
PNB long setupPunjab National Bank long setup on weekly chart
Buy above: 155
SL: 135
Target1: 180
Target2: 200
Target3: 225
Running Flat in making ? PNBSeeing the last wave ACTION.
Is there a running flat in making for PNB. Let it close above 160 . Wait for pullback to sustain 150 . But very shrt termers can trade for 160 . This is a position call 4 260 levels . It will take time.
PNB - You are back at 154.50- Googly returns back from 135Job done below 142 for 135- Slightly surpassed & made lows of 132-133 & Googly returns back at 154-155 -an important resistance zone.
Trading Strategy
Moving above 155 - we will have bullish scenario or wait for pullback in the zone 142-144 - the breakdown point as suggested in earlier update for target 135.
We will look for a support in 142-144 - "if holds" then we plan to buy PNB or we buy PNB above 155 if sustains above for long term target of 185+ & short term it will be ups & downs.
Previous Update - Magic of Google Yet to come below 142 for 135- The magic show done at 135
Punjab National Bank:144 Res:165&180 sup:140Good recovery from the support line, with a breakout from the resistance.
Next res: will be 165 &180
Support:140
PNB - Magic of Googly -Yet to come-below 142 for 135154.50 Key Level - Looks like unfolding a triangle -if goes close to 152-153 should remain below 154.50 - Googly or doosra can turn again from highs of 152-153 holding 155 on top can fall to 146- Below rising trendline to 142 lows & below 142 for 135.
Other Scenario - Moving above 155 & staying above 155 only buy positions to be taken for an upside move.
Previous update - Google or Doosra from RBI at 154.50
PNB in Reversal Mood, Bullish GARTLEY in Hourly Chart.PNB in Reversal Mood.
Bullish GARTLEY Pattern formed in Hourly Chart.
For Intraday & Short Term Levels=>
Intraday RES.: @ 148.3, @ 149.9- 151 (HZ), @ 153.7, ST Res: @ 155.4, @ 157.8 , @ 163+
Intraday SUP.: @ 145, @ 144.3 - 143.7(BZ, Best BUY Zone) , @142.3, ST Sup: @ 141.6, @ 139.
ST Weak Below @ 137 (By Closing).
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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
DUAL TRADE SETUP - POTENTIAL HARMONIC BAT Hi,
A Potential bullish BAT pattern under formation on 60 mins chart of PNB.
Price broken higher time frame (4 hour) trend line & inching down, which gives us an excellent risk/reward short setup (BAMM move form B leg to D leg).
Trade levels as follows.
TRADE 1
( BAMM MOVE) - SHORT SETUP
ENTRY 147.5 or below
STOP 148.6
Target 143.8
Risk/Reward : 3.4
Once the pattern completes D leg, we will have a long setup based on the price action.
TRADE 2 - LONG SETUP
ENTRY 143.8
STOP 140.7
Target 1: 147.5 (38.2%)
Target 2: 149.8 (61.8%)
Trade with Care
Gulz
PNB : fell inside triangle patternPNB has broken it's immediate support level of 148.7 and still surviving near by only.
It could be seen if it is breaking its Next support level of around 144 or not.
PNB - Googly or Doosra from RBI at 154.50If it is not a normal delivery than has to be googly or doosra. Go ask Harbhajan Singh (as we call him with respect in cricketing world -Bhajji). He will tell you doosra or googly are not normal ones & one can get it correct only by determination & practice.
Going below 149 - can it fall to 145 & below 142 to 135. Be careful as markets can be volatile.
Previous Update - Buy Harmonic pattern above 154.50
PNB Long on short term Holding I am looking to buy Near 140 with stop 133 for Target 159 and so on
Be aware there are many market players , who make the stock booming and then they will slam the price to put retail traders in pain
Take position only when market makes its proper move
Regards
PNB Short for Day Trade I am looking sell on rise with stop of 155 For Target of 146 in day trade
The stock is heading towards 140 which is 61.80% of retrace of original Start of trend
Regards
PNB - Buy harmonic pattern above 154.50 for 157-160-166 TargetAbove 154.50 for 157 - sustaining above 157 next 160 & above 161 for 165-166 Target zone for the harmonic pattern.
pnb - still more pain left(videocon impact)pnb after making bearish engulfing at top continue falling to 151 level near trendline , but it seems its not going to stop at this support.
(this time news is Pnb, icici and sbi has the highest exposure to videocon 43000 bad debt).
strategy
short pnb for 142 sl 154
PNB long setup in upward channelBuy PNB at the channel bottom
Expecting it to touch the channel bottom at 154-157 range
Target 185
SL 148
