PUNJAB NATL BANK NSE:​PNB

Tweezer Bottom + Inside Bar Long above 78.55, SL PDL Short below 77.25, SL PDH If gap up or down, follow 5m ORB.

AB=CD Is Completed. Moving In Short Term Channel. At Resistance Of Channel. 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.

AS YOU CAN SEE THERE IS A GREAT SUPPORT NEAR 68 TO 70 RS. CHANNEL SUPPORT AND FIBONACCI SUPPORT IS ALSO THERE . LAST TIME SUPPORT IS ALSO THERE. TARGET RATIO IS ALSO VERY GOOD

Recently, the price found a reversal below 200-EMA. MACD confirms the bearish trend. Expect Feb series expiry would below 85.

Sell

Trade on break out. Note: Educational purpose only.

PNB Levels are mentioned in the chart If u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW USto get regular updates. Take care & safe trading...!!!

Rising wedge pattern is forming in PNB, we may see movement downward in coming days. Would like to your view.

in.tradingview.com

Hi, I am revising my thoughts based on what my prof explained to me.... Now i am seeing what i wasnt seeing before.

Already broke out of expected resistance and now we can see some bull dance

Description on chart....

Description on chart

Description of analysis mentioned on chart with Targets.

heading north

Short below 75.6 with SL 77.45 T1 74.85 T2 74.4 T3 73.55 T4 72.6

PNB is testing Upper Trendline in a downward channel. Upper downsloping Trendline may act as resistance. Short at 77.20 ( cmp ) Stop-Loss 81 Target 63.35 Risk 4.92% & Reward 17.94% Risk Reward Ratio 1 : 3.65

MOMENTUM TRADE IN PNB RISING OI+ RISING ABOVE 74 AFTER LONG TIME++ RESISTANCE BROKEN WITH RISE IN OPEN INTEREST+++ DEC FUT BUY@74.5 STOP@72.75 TARGET@78.5 LOT:5500 QTY:1