PNB ANALYSIS 19.09.2022BUY : 39 TO 25
TARGET : 140 TO 156
Reason For Selling This Script :
In this script the price is falling in down trend channel. Now the price is in side way moment once price close above 47 in monthly time frame and the target level given above.
Technical Analysis Used :
Monthly time frame analysis
Down trend channel analysis
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
PNB trade ideas
44 WEEKS CONSOLIDATION BROKEN IN PNBWhy Bullish ?
Reasons :
1 . As Shown In The Link Shared - 44 Weeks Consolidation In A Certain Pattern Has Been Broken With Marubozu Candle.
2 . At The Same Time Rsi Pattern Has Also Been Broken - Giving Confirmation For The Strength Of This Trendy Marubozu Candle .
3 . Last But Not The Least - Stock Market And Global Market Sentiment Has Gone Bullish At The Same Time - Which Is Backing The Overall Story.
Exit Positions Have Been Marked But Most Probabily It Will Hit All Time High Atleast - After This Long Consolidation.
Kindly Comment If Anyone Found This Information Helpful Or Anyone Who Takes Position After Reading This Article.
Thankyou.
PNB BULLISHPUNJAB NATL BANK STOCK has broke its trendline, has done with retracement and is currently trading near its resistance
It broke trendline with a very great volume you can go long if candle sustains above it only after doing your own analysis.
If took trade do money management.
ONLY FOR EDUCATIONAL POURPOSE..!
YR 2022 Idea #122: Long on PNBThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Given 11 month old trendline breakoutThe stock has given it's 11 month old trendline breakout with volumes. It has also closed above it's 200 EMA today.
Buy above 36.1 level for positional targets of 37.2 and 38.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
PNB will you grab it or not NSE: PNB
If Breaks Then The Upper Targets could be Taken at 35 and 37 and for Down the Targets could be 25 to 24
Time Frame :- 1 Day
Patterns Name :- Cup and Handle
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome content
Made By MAYANKTECHRESEARCHING
Short: Down Trend + RangePunjab National Bank is in Range for last $ days if it breaks level of 39.75 it will be the best opportunity to book some profit from long position or Short for intraday trading as its in down trend the bearish pressure will be high and will be able to make some good profit for intraday. Please Leave Your Idea or your View in the comment box so it can be helpful to me and others as well. Thankyou
my//@version=4
study(title="Supply and Demand Zones",shorttitle="Supply / Demand",overlay=true)
//Daily zones
daily = input(title = "Daily",type = input.bool,defval=true)
dopen = security(syminfo.tickerid,'D',open,barmerge.gaps_off,barmerge.lookahead_on)
dayrange=(high-low)
dcol = color.red
r1 = security(syminfo.tickerid,'D',dayrange)
r2 = security(syminfo.tickerid, 'D', dayrange )
r3 = security(syminfo.tickerid, 'D', dayrange )
r4= security(syminfo.tickerid, 'D', dayrange )
r5= security(syminfo.tickerid, 'D', dayrange )
r6 = security(syminfo.tickerid, 'D', dayrange )
r7 = security(syminfo.tickerid, 'D', dayrange )
r8 = security(syminfo.tickerid, 'D', dayrange )
r9= security(syminfo.tickerid, 'D', dayrange )
r10= security(syminfo.tickerid, 'D', dayrange )
adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10
adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9
adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8
adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7
adr_6 = (r1+r2+r3+r4+r5+r6) /6
adr_5 = (r1+r2+r3+r4+r5) /5
adr_4 = (r1+r2+r3+r4) /4
adr_3 = (r1+r2+r3) /3
adr_2= (r1+r2)/2
adr_1 = r1
adrhigh10 = dopen+(adr_10/2)
adrhigh5 = dopen+(adr_5/2)
adrlow5 = dopen-(adr_5/2)
adrlow10 = dopen-(adr_10/2)
dayh5 = plot( daily? adrhigh5 : na, color = dcol)
dayh10 = plot( daily? adrhigh10 : na, color = dcol)
dayl5 = plot( daily? adrlow5 : na, color = dcol)
dayl10 = plot( daily? adrlow10 : na, color = dcol)
fill(dayh5,dayh10 , color=dcol)
fill(dayl5,dayl10,color=dcol)
//Weekly zones
weekly = input(title = "Weekly",type = input.bool,defval=true)
wopen = security(syminfo.tickerid,'W',open,barmerge.gaps_off,barmerge.lookahead_on)
weekrange=(high-low)
wcol = color.blue
wr1 = security(syminfo.tickerid,'W',weekrange)
wr2 = security(syminfo.tickerid, 'W', weekrange )
wr3 = security(syminfo.tickerid, 'W', weekrange )
wr4= security(syminfo.tickerid, 'W', weekrange )
wr5= security(syminfo.tickerid, 'W', weekrange )
wr6 = security(syminfo.tickerid, 'W', weekrange )
wr7 = security(syminfo.tickerid, 'W', weekrange )
wr8 = security(syminfo.tickerid, 'W', weekrange )
wr9= security(syminfo.tickerid, 'W', weekrange )
wr10= security(syminfo.tickerid, 'W', weekrange )
awr_10 = (wr1+wr2+wr3+wr4+wr5+wr6+wr7+wr8+wr9+wr10) /10
awr_9 = (wr1+wr2+wr3+wr4+wr5+wr6+wr7+wr8+wr9) /9
awr_8 = (wr1+wr2+wr3+wr4+wr5+wr6+wr7+wr8) /8
awr_7 = (wr1+wr2+wr3+wr4+wr5+wr6+wr7) /7
awr_6 = (wr1+wr2+wr3+wr4+wr5+wr6) /6
awr_5 = (wr1+wr2+wr3+wr4+wr5) /5
awr_4 = (wr1+wr2+wr3+wr4) /4
awr_3 = (wr1+wr2+wr3) /3
awr_2= (wr1+wr2)/2
awr_1 = wr1
awrhigh10 = wopen+(awr_10/2)
awrhigh5 = wopen+(awr_5/2)
awrlow5 = wopen-(awr_5/2)
awrlow10 = wopen-(awr_10/2)
weekh5 = plot( weekly? awrhigh5 : na, color = wcol)
weekh10 = plot( weekly? awrhigh10 : na, color = wcol)
weekl5 = plot( weekly? awrlow5 : na, color = wcol)
weekl10 = plot( weekly? awrlow10 : na, color = wcol)
fill(weekh5,weekh10,color=wcol)
fill(weekl5,weekl10,color=wcol)
//Monthly zones
monthly = input(title = "Monthly",type = input.bool,defval=true)
mopen = security(syminfo.tickerid,'M',open,barmerge.gaps_off,barmerge.lookahead_on)
monthrange=(high-low)
mcol = color.green
mr1 = security(syminfo.tickerid,'M',monthrange)
mr2 = security(syminfo.tickerid, 'M', monthrange )
mr3 = security(syminfo.tickerid, 'M', monthrange )
mr4= security(syminfo.tickerid, 'M', monthrange )
mr5= security(syminfo.tickerid, 'M', monthrange )
mr6 = security(syminfo.tickerid, 'M', monthrange )
mr7 = security(syminfo.tickerid, 'M', monthrange )
mr8 = security(syminfo.tickerid, 'M', monthrange )
mr9= security(syminfo.tickerid, 'M', monthrange )
mr10= security(syminfo.tickerid, 'M', monthrange )
amr_10 = (mr1+mr2+mr3+mr4+mr5+mr6+mr7+mr8+mr9+mr10) /10
amr_9 = (mr1+mr2+mr3+mr4+mr5+mr6+mr7+mr8+mr9) /9
amr_8 = (mr1+mr2+mr3+mr4+mr5+mr6+mr7+mr8) /8
amr_7 = (mr1+mr2+mr3+mr4+mr5+mr6+mr7) /7
amr_6 = (mr1+mr2+mr3+mr4+mr5+mr6) /6
amr_5 = (mr1+mr2+mr3+mr4+mr5) /5
amr_4 = (mr1+mr2+mr3+mr4) /4
amr_3 = (mr1+mr2+mr3) /3
amr_2= (mr1+mr2)/2
amr_1 = mr1
amrhigh10 = mopen+(amr_10/2)
amrhigh5 = mopen+(amr_5/2)
amrlom5 = mopen-(amr_5/2)
amrlom10 = mopen-(amr_10/2)
monthh5 = plot( monthly? amrhigh5 : na, color = mcol)
monthh10 = plot( monthly? amrhigh10 : na, color = mcol)
monthl5 = plot( monthly? amrlom5 : na, color = mcol)
monthl10 = plot( monthly? amrlom10 : na, color = mcol)
fill(monthh5,monthh10,color=mcol)
fill(monthl5,monthl10,color=mcol)
No stopping till 46- A low risk high reward setupDISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
There is an important adage in gambling that is true in all endeavors, and that is that you should not bet until you have a good hand. In trading, that is true as well. Wait for a good setup before placing a trade. If you trade without discipline and without a sound method, then you are relying on luck and hope for your profits, and your trading is unquestionably a form of gambling.
ITC idea "failing third drive" was on similar basis- three push and measured move.
Break Out Trade in Punjab National BankDate : 2-Feb-2022
Rating : Buy
LTP : Rs. 42.80
Target: Rs. 48-->60
SL : Follow the trailing SL indicated by the moving averages on closing price basis.
PNB has created a break out from the current secondary trend with very high volume . EMA, MACD and RSI are giving bullish signals.
Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.