PNB H&S BREAKOUTPNB giving H&S breakout
with huge volume and strong
trding above 20 ema
educational idea only
PNB trade ideas
Punjab National Bank (PNB) - Looking good on weekly chartOn a weekly chart, the stock emerging out of the base could be an ideal buy zone (65-68).
Maintain a strict stop loss between 5-8% incase the trade goes wrong.
PS: Not a buy/sell recommendation. Do consult your financial advisor.
PNB - Trend ReversalSell PNB stock from current levels for 61.20 and 59 price targets for stoploss of 64 on closing basis as stock has made inverted hammer after rising a lot and as it is trend reversal we have got a confirmation candle of the same.
PS - THIS IS JUST FOR EDUCATIONAL PURPOSE AND TRADE CAREFULLY ON YOUR OWN RISK AND WITH CONSULTATION OF YOUR FINANCIAL ADVISOR AND BEING AWARE OF MARKET RISK
PNB Hourly chart looking bullishPNB Hourly looking bullish. It has trendline breakout/flag and pole breakout. Good to buy at 62.60 for target of 69 with sl below 61
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
Pnb new entry and patternpnb is in a double bottom pattern and at strong support so you can make entry according to the chart
note:- only for education purpose not and we are not responsible for any losses.
PNB - Bullish PatternPunjab National Bank - as we suggested 28 36 now make high 64
Time Frame - Weekly and Monthly
as per set up we can see long term PNB 77 96 124 to 184+
Major resistance REd trendline.
Ideas - Buy in each dip to hold for long run.
Disclaimer - Just for Education Purposes.
PNB about to Channel Breakout @53.90PNB is about to Channel Breakout above @53.90 after a long period (Six Months)
Breakout Level: 53.90
Target Price: 62.00
Stoploss Price: 49.00
Key Factor:
PNB traded above EMA 200 (47.92)
About to break strong resistance level @53.50
If PNB close above @53.90 its should be Bullish run till @62.00
PNB negative run possible if it breaks downside channel approx. @51.00
PNB has given break-out, ready for new highesPNB is looking ready for new high, entire PSU bank space is looking great, only for education purpose
PNB confirm Targets 2023
Punjab National Bank Stock Targets 2023
PBN Stock 94 % up in Last One Year
PBN Stock 17 % up in Last One Month
Punjab National Bank upgraded from mid-cap to large-cap
Breakout indicates a potential upward trend in the stock
Future Targets
Up Side First Target as per Analysis is = 69
Up Side First Target as per Analysis is = 75
Up Side Third Target as per Analysis is = 100
Please Share our Idea
PnB must buy, good risk to rewardPNB formed this beautiful symmetrical Traingle. .. yes it might correct till 50 or 48, but this correction will be exit all weaker hands..
Stage is set for clear run-up till 62....... and then will review further.
Don't buy in options -- huge lot size and script often goes in FnO ban..
Only buy in delivery..
PNB ......Target 61PNB inverted head and shoulder pattern formation above..... Entry 53.85......Target 59.40
BUY PNBWhole banking sector looks undervalued. Specially PSU Banks.
PNB is a perfect example of an unmoved stock. Making a good price action. (Triangular wedge formation). It is well undervalued and Fueled up (60% of book value). Keep adding on dips till 35.
Targets:
1st - 47
2nd- 57
Some resistance near 56-58 zone. Keep Booking as per your appetite.
shortFocus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
PNB 1H TFAfter analyzing PNB's stock, there are indications that a potential breakout may occur in the near future
it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
