Idea is self explanatory... In weekly chart stock is giving breakout with good amount of volume. I have provided SL along with 3 targets. Keep in mind book partial profit with every target and 3rd target may take time with few consolidations.
Note: I'm new to technical analysis, do your own maths. I'm open to new ideas and flaws in my analysis, so please do...
One of the nice set up here on the charts of Punjab National Bank. This looks like a great trade with perfect risk to reward ratio.
Rough Set up.
Buy Price - Around 40-41
Stop loss - Around 38.5-38
1st Target - 43 🎯
2nd Target - 47 🔥
This is not a buy recommendation from our side. Just showing how to plan a trade and be ready to take calculated risk against good profit.
Explained on which trade to take on which kind of camarilla setup.
Even Camarilla have Narrow and wide range just like CPR
Providing you the knowledge on how to identify trend of the day on the first bar of the day!!!!
Drawings and explanation has been given on chart. do your back testing and then see the result.
Proving a Small script below of Camarilla.
Dow Theory - Accumulation and Distribution
Accumulation is marked by resource-rich participants accumulating the stock at lower levels when other participants are fearful
Distribution is marked by resource-rich participants de-liquidating the stock at higher levels when other participants are greedy
hello Traders,
Technicals:
If you wanegative but revenue increased
2. Punjab Nationalnt to go long then I will suggest you to buy near the trendline and then add Qty after the ascending triangle get broken.
Fundamentals:
1. Earnings were Bank raises Rs 1,919 crore via bonds - NEWS
Thanks!
Please like my idea if you really like it and happy trading! NSE:PNB
PNB make bullish crossover and make new upside momentum since June 2020.
Stock consolidate in this zone and It can be buy now with sl of 37, and target is 45, 50
SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 22-11-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade...
Easy HH HL Structure. Understanding basic market structure under Dow Theory. In Dow Theory, an uptrend is defined primarily as successively higher peaks and troughs. A downtrend is defined as successively lower peaks and troughs.
PNB Bank Trading In A Channel In Day Time Frame If It Break Channel Both Side Target Should Be Already Mention In Chart If It Break Up Side It Will Give Good Return For Long Position Its Making Price Action For A Long Down Foul
Breakout stock PNB KISS Principle-2 trading with Rising line
NO indicator no avg only simple strategy
Kiss(Keep it simple and straight)
PNB is taken on the Support of Rising line it bounce back let's see it will breakout or bounce back
Breakout is already there to avoid false breakout the candle which is taken support the High of that candle shuold be our...
PNB is on verge of breaking it resistance on price and its current level is strong support per RSI . If we look at OBV it has already shown breakup and there is positive divergence... For me its early entry but risk reward is pretty favorable as my stop loss would be low of previous day candle ... If you want to wait for confirmation you can wait till the price...
Punjab National Bank operates as a commercial bank. It operates through the following segments: Treasury, Corporate/Wholesale, Retail Banking, and Other Banking Operations. Its products include personal, corporate, international, and capital services. The company was founded by Punjab Keshari Lala Lajpat Rai on April 12, 1895 and is headquartered in New Delhi, India.
NSE
