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PUNJAB NATIONAL BANKPUNJAB NATIONAL BANKPUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK

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PNB trade ideas

PNB - Punjab National Bank - Technical AnalysisPNB - Punjab National Bank NSE:PNB This is a pure technical analysis call backed by the banking theme. > The stock has taken support at 25 levels and after consolidating for 1 and 3 months it is ready to give breakout with huge volume , accumulation in the stock can be seen since December 2020. > The stoch has also crossed 100 and 200 DMAs very recently, strong upmove is around the corner. > A lot of movement can be seen in almost all PSU banks. > NIFTY PSU Bank index chart is in massive UPTREND. When entire sector is performing individual stocks are most likely to run along. > I have selected PNB and BOB because of it's wonderful chart pattern. > One more very important thing is that government is about to setup a BAD BANK. Which will help all PSU banks tremendously clean their balance sheet , consequently valuations of these PSU banks will automatically improve. What is BAD BANK? A bad bank is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. The entity holding significant nonperforming assets will sell these holdings to the bad bank at market price. By transferring such assets to the bad bank, the original institution may clear its balance sheet—although it will still be forced to take write-downs. This will help all PSU banks to get rid of their NPAs. FRESH BUY - AT CMP 41 OLD BUY - HOLD TARGET 1 - 100 (+150% aprx) TARGET 2 - 135 (+225% aprx) Risk Management Tip: Never invest more than 5% of your capital in any single stock. Happy Investing! Team ShareMktSchool
NSE:PNBLong
by ShareMarketSchool
Punjab National Bank : The Big Bull flagDear Fellow traders, Punjab National Bank has formed a bull flag on the monthly chart. The point C is the real bottom for PNB after the bearish divergence that started from point A. Point C is the end of bearish divergence for two reasons: 1. Point C on price chart: There is a double bottom that has been formed at point C. 2. Point C on RSI: RSI hit the lowest at point C since the listing of Punjab National Bank. What was the bearish divergence ? Point A: The real top for RSI. The price moved higher at point B from point A on the price chart but RSI was lower on Point B than point A. My view from here on is extremely bullish for Punjab National Bank. Short term target: 60 Medium term target: 185 Long term target : 300-400, but if it breaches that trendline on the chart to enter the upper channel, probabilities of attaining 500 rupees and even more will be higher. But that will take about 5-10 years to be achieved. Note: This is not a financial advice. Please do your own research before investing.
NSE:PNBLong
by kingpannu
4
PNB longIn this analysis , PNB analysis been done based upon pure Triangle Chart Pattern , 2 month and 6 month target been given , 2 month target is based upon 1 day time frame whereas 6 month is based upon weekly time frame , In my opinion PNB is not fundamentally strong enough hence you should do your own research before betting . BAd news can impact stock performance as seen previously , so dont bet heavy , use side money if possible otherwise ignore , focus on other good stocks opinion my own Thank you
NSE:PNBLong
by iamanshulsalaria