PNB Housing - At Crucial LevelsPNB Housing
Near Crucial breakout level, rejections earlier
Closing above 915 is crucial for further upmove
PNBHOUSING trade ideas
PNB HOUSING ABCD PATTERN AND CONSOLIDATION BREAKOUTPNB HOUSING is an interesting chart with following
1. RSI Above 60 on daily, Weekly and Monthly charts
2. ABCD pattern under formation on weekly chart
3. Major Price support on 745-790 zone being 20 Week, 20 Day, 50 Day and 200 day Moving Averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Wow, wow, wow!Today's cleanout trade was a big, big piece of good news for the upward movement of this stock. It was an overhang that is finally gone. The block deals floor price was set at 775, but the trade was executed at 803. The entire trade was consumed in the pre-market window. As we know, the stock had given an 8-month breakout last month. Today, the stock gave a closing above the resistance of this pattern with very high volumes. The first target is 1182, and the second target is 1500. The overhang of the Carlyle Group still remains, as they still own around 19% even after selling around 12.8% in late July. For now, let the stock fly.
Breakout!!The stock gave a monthly breakout in July. It was an eight-month breakout. Today, a breakout was given on the daily time frame. Hold for a target of 1600. This is a medium- to long-term target. Many institutions entered at 775 in a bulk deal. The results were fantastic. This is a turnaround story for the company.
Finally!!!!! After testing everyone's patience and withstanding all the heavy selling by institutions that hold large stakes, we get a monthly closing above the 8-month resistance. Big institutions have bought in the last month. Expecting a solid re-rating from here. The results were solid as well. NGL this past month was annoying, but now we go to the moon.
Breakout coming soon!Today, the stock attempted to break out during early hours but was rejected. Yesterday, the stock found support exactly at the support trend line. I am expecting something significant to happen this week. We are almost there.
Clear for breakout!!!Technically, this stock looks ready for a significant breakout. Major FIIs have entered at 785. It is an excellent budget-theme stock.
PNBHOUSING changing trend.The stock has previously fallen and is now poised for a reversal. This is visible here, as there is a systemic change in trend from lower lows and lower highs to higher highs and higher lows. Adding to that, there has been an increase in volume in the last couple of months compared to previous periods of non-movement. Therefore, a bullish movement may be imminent.
PNB HOUSING - Swing Trade Analysis - 26th May #stocksPNB HOUSING (1W TF) - Swing Trade Analysis given on 26th May, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Trendline Support with Strong Pullback Candle - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
PNB HOUSING AGAIN AT BREAKOUTThis stock tried to break the level some days back but failed. This time again comes at same level with good volumes and bullish candles.
Looks good in cash
PNBHOUSING may break up move after Consolidation a rangeThis stock consolidating from couple of days and respect a level of758.40 .If it cross 780 level with good volume then we can see a good up trend .
Chart of the Week. PNB HOUSING.Huge breakout in PNB housing after a very long time. chart has given multi year breakout. PNB Housing is a chart of the week from Arthavidhi. Do take position for 40% gain.
PNB housing near a strong supply zonePNB housing has shown an amazing rally post breakout of trendline.
Stock is currently near a strong supply zone of 820-850.
Next target for stock is 1200.
Stock can give buying opportunity near 650-700 before breakout. Add on dips.
Idea shared for educational purposes
PNBHOUSING - Swing Trade - 16th January #stocksPNBHOUSING (1D TF) - Swing Trade Analysis given on 16th Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PNBHOUSING
PNB HOUSING ready for next momentum -resistance breakout
-very high volume
-strong closing
-support from lower trend
-above 52 week high
-trading above all crucial ema & sma
Testing Weekly Resistance zone - watchout for a weekly breakoutThe stock is testing it's weekly resistance and if closes above 833 on weekly basis can move good.
This is not a BUY/SELL recommendation
This idea is for educational purpose only.
Learn & Earn,
Dr. Tanya Kumar
PNBHOUSINGPNB housing has broken Weekly breakout. This Rally get Rest until reach 1140. Best Price to buy 760.Stoploss is 650.
PNB HousingThis is one stock having been tracking since 500 levels and in bad markets its performance remains steady.. keep on watch very strong stock a turnaround story in making
positional trading NO BUY-SELL RECOMMENDATION
stock in a prior uptrend ( stan weinstin s stage 2)
breakout the long-term base with volume (126-week consolidation) (saucer platform pattern)
entry above the line
stop below the line
(below the base on the daily time frame)
and trail with a 21-day moving average for the target.
PNBHOUSING - Breakout after 275+ daysConsolidation Days: 275+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis
PNB HOUSINGNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
PNB HOUSING FINANCE: NEED TO KEEP A WATCH IN THIS WEEKPNB Housing forming rising wedge pattern. Breakdown of trendline will confirm it, post which it will fall sharply. It will be Negated if weekly closing is above the trendline
