Follow on twitter/telegram @piyushrawtani for live trading ideas.
Another prospective "Yes Bank " dabba stock being dumped by insitutions . Expected to test 48 levels if selling continues.
PNb LOOKS scary unless close above levels mentioned , already deep red a DCB can definitely take place but overall a scary picture , hopefully not but !!!!
Doubble bottom formation in the pnb.
Watch and wait for the confirmation on the positive side with Price action.
Target is 117.
The best entry will be below 60.
Purely educational purpose
There is a good buy opportunity in the Punjab National Bank, on the basis of Positive Divergence Pattern in a daily time frame chart. This pattern can be drawn as well as observed after forming lower lows in price chart and higher highs in RSI Indicator. The trader should place a long position with a stop loss of 58.70, provided the stock gives today closing above...
As per the charts.
If it open gaps up, please avoid buying it and I will write up for proper and better entry; I might short ATM PE and OTM CE in that's the case.
PNB is looking bullish on the daily timeframe and due to FM announcement, the sentiment would be also positive.
Buy if it sustains above 64 for targets of 67, 69 and 71. SL would be 60.90.
Central Pivot Range (Dotted Blue line) is very narrow, expecting a trending day.
64 is monthly as well as daily resistance, expecting huge resistance from that level
#PNB Rsi divergence in the daily TF. also trading at key resistance level of 68. MACD is also showing a buy here. Will be good buy @68 with 65 stop and 74 profit booking.
CPR very wide indicating a possibility of sideways movement confined between H2 and L2, may go lower.
PNB @ 59 is a very strong support which has not been broken in last 11-12 years. If that price is not breached, expect a rebound upwards in few months.
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
PNB
![PNB: [HP] PNB Buy Idea](https://s3.tradingview.com/u/ugAqemmS_mid.png "[HP] PNB Buy Idea")
