Look below what happened in SBIN if it enter again in the channel then it may go to 150 in next 1 year it it crosses the ema line then add more
As the nifty PSU is Long PNB is showing strength and we have good targets on weekly charts 48 and 63 are monthly chart resistances cam be taken as t1 and t2. This is my personal analysis for study purpose.
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...
ALL level amrk on chart strong resistance breakout with ascending triangle breakout with high volume burst with RSI in good zone, what else you want sell PE below 39 and sell ce above 46 for October
price in correction, i'm expecting small upside in 1 hour movement then downside to complete the pattern, you can look for entry around 61 fib its also a support level if you are into support resistance. wait for it to finish the correction. I have also attached my monthly view of the chart in link. Cheers.
Punjab national bank , use every dips to buys in small quantity. target expected 400 ,,,
Golden crossover confirmed on weekly chart. Buy side volumes are high. RSI heading towards hot zone. Let's go.
PNB at its crucial looks good once it breaches the resistance for quick move as RSI
#PNB #PunjabNationalBank Inside Bar Breakout (Daily Basis) - Volumes increased with Breakout Moving in a Parallel Channel (Moving off the lower channel) Targets: As mentioned in the chart Ps: Analysis ONLY - NOT a Recommendation
Weekly time frame BO. This is a very important point. Will be looking for some retracement to build a position in this stock. It is very promising fundamentally as well with the Modi govt looking to disinvest PSUs. 2022 could prove to be a multi-bagger year for this stock
Beautiful breakout from Symmetrical triangle pattern. Also with a huge volume on a daily chart. Above chart is a weekly chart.
Buy = 46.1 SL = 42.78 Target 1 = 52.74 Target 2 = 56.06 18/10/2021 Bullish NSE:PNB-->Punjab National Bank Buy for short term
Buy PNB Near 38-39 Stoploss 35 Target 45 Demand & Supply Structure ..Stock is trading near Retest Support Zone
if PNB close above the green line then buy above the high of that candle and wait till the target this is not a trade recommendation
PNB bank Small Trade. Target is 44. Target 1: 44 Might provide a big move today's session. Happy Trading!
PNB on a daily time frame has formed a symmetric triangle pattern and also gave breakout with 52 weeks high of 48.20 rupees. The next target would be around 53 based on the width of the triangle.
PNB has turned down all the odds and after 8 months consolidation the stock has shown a big breakout on the charts and its no more a RED symbol and now it turned into a GREEN. I m personally invested in this and the stock is always facing a resistance at 43 mark which is broken today decisively. I m bullish on PSU banks and they will be next untold story.
One of the largest PSU Bank of India has hurted many investors in recent years. Although it needs courage to comment anything about this stock but analysing the pattern carefully, I have started feeling positive about this stock. From its peak the counting of the 5th wave seems completed. But the upside reversal is not yet confirmed.It needs to trade above the 135...