The script has formed a base of 6 years and has broken out positively.
If it can sustain the BO then higher levels are possible.
Greenline = Fresh BO entry
Redline=StopLoss
Blueline=Potential / Possibility
Never trade without a Stop Loss
--- --- ---
Discipline in trading means doing what you should do rather than what you want to do.
- Yvan Byeajee
--Darvas box consolidation breakout with good volume
--retest done
--stock above ma
--Targets 144/162
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon...
Opinion
Upside 100% Target price of 280+ with Holding period of 1.5 to 2 year
Buying Range
Buy when stock price close above 133 and again close recent high in subsequent day
Basis of Opinion
# Reason for Fall from Rs. 280 to Rs. 26.20
1. Fraud in the Dewan Housing Finance Corporation Ltd (DHFL) account and Nirav Modi case and Bhushan Power & Steel Ltd
2....
Punjab National Bank Analyasis on 17 Mar 24
Good public sector bank
Formation of cup and handle pattern
breakout of cut and handle after 2019
breakout level 90 to 100
try to buy on dip between 90 - to 100
stoploss 70
target 100 - 110 - 125 - 135 - 150
cup and handle target 165
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
The upward-sloping line on the stock chart indicates a bullish trend. The breakout from the consolidation pattern is significant. The breakout is upward, which implies that the stock has broken free from the consolidation and is likely to continue its upward movement.
Disclaimer: The information provided here is for educational purposes only. It does not...
📈 Stock Name - Punjab National Bank
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 137.
🚨Disclaimer: This is not a Buy or Sell...
PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!!
Good volumes.
Can enter at current market price.
Target - 55/60/70
SL - 35
Above 70 it will be a delight!!!
Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months)
Note: All levels are only for...
The stock has been in consolidation phase for pretty long since 2017 , the 131 level is a major resistance for the stock which is expected to be broken . it has been forming cup and hnadle pattern and now the bull phase for the same has initiated. targets are 216 and 409 for short and long term respectively
