PNB after breaking out of a Monthly resistance Trendline has been moving in a Parallel Channel from 30 January 24. It gave a false breakout and reversed from there. The next support would be the monthly trend line or the Bottom Trendline. Iam already invested and would be adding some more quantity @ around 120-122.
Support-125 Resistance-130 Trade with levels and risk management for upcoming days.
Hi Traders!!! An analysis on Punjab National Bank is here. PNB is forming symmetrical triangle pattern on daily time frame. Go through the analysis and comment your opinion. Cheers and Happy trading !!!
PNB - Big breakout on charts on Daily, weekly and monthly basis and expecting 2x target of 200+ view will become invalid if goes below 99 which will be sl..
--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...
Monthly chart breakout, PSU theme 100% upside potential if trendline breaks ✅
As per analysis, this symbol may drop to marked lines & may reached 3rd target within 22-24 months ..
Support - 134 Resistance - 137.50 Bullish till 140 and 143. Trade as per your plan.
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
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....
Pnb done retest on his breakout level, keep on radar, we enter above 137 weakness below swing
Punjab National Bank looks good to go long above 69 and blue trend line. As this will be multiyear breakout. SL 56-58
PNB seems weekly breakout concentrate if price sustain above 137 in daily
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
Weekly/Monthly Breakout Resistance - 140/145/170 Support - 135/130
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...
PNB Breakouts after 2 months of consolidation with good volume. We can expect the uptrend continuation.