Break Out Retest in Channel.
At Support.
Potential AB=CD.
Volume At Support.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
This scrip is still in water , I dont see any upside move on immediate basis
You can expect one more drop before any reversal ,
Important to note is , The pain is not over yet , they move of price indicating its likely to remain in down ward direction channel
So one can look to trade with in this Zone
Key Levels for BANKBARODA are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~61.20
First Target~63.05
Interim Resistance~63.35
Final Resistance~64.50
**Lower Levels**
Lower Breakout~60.05
First Target~59.40
Interim Support~58.40
Final Support~56.50
Please trade with caution and consult your financial adviser before trading. You can also...
#PNB has given breakout from long downtrend and started forming HHs and HLs on daily time frame.
It's taking support from 20SMA, 50SMA and short term upward trendline.
Even volume is above average. Looks good to go long from current levels.
PNB 15 min chart but uptrend in 4-hour timeframe waiting for a clear retest around at 65/- but I can see that the stock has extended long towards downtrend and I am seeing some bullish pressure
Will be a clear buying opportunity above 66/-
Waiting for a clear confirmation in a lower timeframe.
AS YOU CAN SEE LONG TERM TREND LINE ON TOP MANY TIMES STOCK HAS TAKEN RESISTANCE FROM THIS LINE AS MENTIONED WITH RED ARROWS NOW WITH GREEN ARROW ON THE RIGHT STOCK STOCK CROSSED THIS RESISTANCE AND CLOSED ABOVE IT AND CAME BACK AGAIN TO THIS LINE AS SEEN WITH SECOND GREEN ARROW THIS TREND LINE WORKS AS SUPPORT NOW AS ONCE RESISTANCE BROKEN BECOMES SUPPORT FIRST...
IT IS RESPECTING AND TAKING SUPPORT ON TRENDLINE AND BULLISH DIVERGENCE IS SEEN WITH STOCHASTICS WATCH OUT FOR A DOJI CANDLE AND GO LONG TARGET IS GIVEN STOPLOSS IS LOWER TREND LINE MUST NOT BE BROKEN ON CLOSING BASIS
Hi guys, here is another major money maker for you. look for upside momentum in this one. down move might drag for little. but major thing lies in upside move.
thanks
trade with care
POSITIONAL TRADE IN PNB
VIEW:-
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
BUY@67
STOP@60
TARGET 1@75
TARGET 2@84
LOT:7000
QTY:2
Punjab National Bank (PNB or the Bank) is a public sector bank. The Bank provides various banking services, such as digital banking, personal banking, social banking, micro, small and medium enterprises (MSME) banking, agricultural banking, corporate banking, international banking or non-resident Indian (NRI), and financial services. The Bank operates through four segments: Treasury, Corporate/Wholesale banking, Retail banking and Other banking operations. The Banks digital banking services include PNB Retail Internet Banking, PNB Corporate Internet Banking, PNB Mobile Banking and PNB SMS Banking. Its personal banking services include savings fund account, fixed deposit schemes and cards. Its social banking services include financial inclusion and priority sector. Its corporate banking services include loan against future lease rentals and cash management services. Its financial services include insurance business, merchant banking, mutual funds and wealth management services.
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PNB
