Good Risk to reward Ratio Swing Trading Target-1 -44 (Short Term) Target-2 60 (Mid Term)
i Will initiate the buy entry once its returned to the yellow box, bottom is the SL and upper line is the entry. SL must be placed with a little buffer. its at support of the trend line
Buy around 39.50 stop loss 38 target 1 = 42 target 2 = 45
PNB CMP 40-41 SL 35 Short Term TGT 60 R:R Favourable Disclaimer : For Educational Purposes Only
PNB Trading under rectangle pattern Volumes are continue
PNB Analysis: Probability Of Patterns
PNB is looking good for a swing trade , Pnb has seen a good consolidation from the highs of 45 , now it has taken support at S1 on Pivot and also respected the 100DMA ,PNB looking for a fresh upward swing with a target of 45-50 with Sl of 38, Also its result are expected to be out on 2nd of august expecting better than expected
Very slow moving stock but definitely worth considering buying or holding, as we can see currentlt the stock is at good support of previous resistance. looks safe to enter at current market price at RS 38.40 for target of RS 55.50, stop loss can be placed at RS 33.60
#PNB entry and exit levels on the chart (refer black/blue lines). Place SL@1% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. Above 42.5 closing will lead the stock to fly. #intraday
Cup and Handle is been already formed Lower lip is giving signal to buy Buy above 44.35 Time period: Expected 2 weeks Stop loss around 39 Target 55
Trade PNB by considering the important level as demand and supply zone . DO like and share . Subscribe for more in future . Happy investing for better future .
PNB - 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...