No Lookback by PNB!!!Nice and strong base formation done by PNB. Near-term resistance and support are at 58 after that it will regain its old levels. Nasty volumes in Daily/Weekly/Monthly
PNB trade ideas
No Lookback by PNB!!!Nice and strong base formation in PNB. Resistance and support for near-term price are at 58 crossings that will regain their old level in 3digit.
PNB - On channel supportPrice rejected from the channel top and reached the bottom successfully. Now one can expect the price reversal once after breaking the trend line.
PNBSTRONG BUY CALL @ 37
TARGET 1 = 40
TARGET 2 = 45
TARGET 3 = 55++(OPEN)
STRICT STOPLOSS @ 34.50
Holding period 2-3 months
PNB - possible rectangular breakout incoming! After major decline, long-term accumulation within Rectangular Pattern since March 2020.
There has been a significant increase in Volumes since Dec 2020 though.
The surge in volumes increases the chances of the stock successfully breaking out of the rectangle, on its 4th attempt. This is further supported by a bullish divergence between the Price and the RSI Oscillator.
In case of a successful breakout, no notable resistance till about 55 levels (25% upside margin).
PNB short The stock is currently in uptrend which is likely to reverse soon which mean soon we will see a downtrend
wait till Monday 31st may .. observe the stock... trade carefully
PNB CMP 42.2PNB broke out rounding bottom pattern at 41.3 with huge volumes and closed at 42.15. Next targets are 42.8, 44.2, 46.25. Depth of the cup is 8,Breakout point is 41.3. Final target is 49.3
PNB likely in process of forming a base NSE:PNB Punjab National Bank likely in process of forming a base
This week of 24th to 28th May 2021 has started off with a 3% GapUp
High probability of hitting 42.5 - 44 range target.
Small possibility of testing 36.4 before resuming upwards
Inverse head and shoulder pattern breakoutA proper self-explanatory chart. Can be bought for a short term target of 42.
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PNB LOOKING STRONG WATCH THREE LEVEL OF SUPPORT FOR TODAY FOR LONG , MONTHLY BASE HIGH CONSOLIDATION BRECKOUT LOOKING
PNB LongMy prediction is based upon Price Action Trading
- Ascending Triangle pattern breakout given by PNB
Entry = below 40
Target = 45- 47 ( Updated )
PNB: SLEEPING GIANT AWAKENDBuy PNB at Curent market price, sl: 38, Targets: 44,46,48+, horizon: 6W. Study Reverse head and shoulder pattern breakout.
INVERSE H&S BREAKOUT in PNBBullish Inverse head & shoulder breakout in PNB happening with volumes. Buy above 39 for 44/46/51. Invalid below 38 on DCB
#Pnb cash : Looks good above 41.10#Pnb cash -Positional for 2-3 months
24.05.2021
Buy Pnb cash above 41.10
& dips 39-40
stoploss 38
Tgt 44-46
(Sustain above 44 will target 54)
Cmp 39.80
PNB Positional Trade Opportunity above 40 TGT 45-50-60PNB at BO zone(Symmetrical Triangle Pattern).
Heavy Volume Accumulation going on since Jan 2021.
Buy above 40 SL 30 TGT 45-50-60
Never Put more than 2% of your capital in risky stock like PNB
PNB educational purpose PNB has given close above its multiple times tested resistance 39 with a good volume accumulation at lower levels and now closing above 39 is a good sign of trend reversal .. soon a good upmove can be seen in coming days
