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Punjab National Bank

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PNB trade ideas

PNB: Oversold Stock with inherent bullishnessTopic Statement: The stock has become oversold but shows recovery potential as it moves in an up-trending channel following a recent breakout over the downtrend line. Key Points: 1. The stock recently broke out over its downtrend line, signaling a reversal. 2. It is moving in an up-trending channel, indicating bullish momentum. 3. The price is currently below the 180-day moving average, making it oversold and a potential buying opportunity.
NSE:PNBLong
by yogeshwar
PNB Break or RejectionPNB is a large PSU financial institution. The chart has some interesting aspects. After an upmove, it has shown retracement upto 61.8% level. It is currently trading at narrow range. The result is due in Feb first fortnight. This is a make or break stage for the script. If it shows strength, it can move to is first target of 124, second target of 140 and higher targets upto 180-190. Keep a close watch. This is not a buy/sell recommendation. This post is only for educational purpose. Kindly consult your financial advisor before investing. Keep strict stoploss and money management rules. Happy Trading!!
NSE:PNB
by farcortex
1
Punjab National Bank Chart Analysis with Targets PNB Support and Resistance for Invesment and Positional Trading For Punjab National Bank's (PNB) current chart analysis, the major support level is around ₹90, indicating a key price floor that could prevent further declines. This level has been established based on past lows and acts as a safety net if the stock price falls. The first target for PNB is set at ₹129 , which represents a bullish upward trend from current levels. This target may be reached if PNB breaks above its resistance and sustains positive momentum. The second target is set at ₹140, a further potential upside based on technical analysis. This target is achievable if the stock continues to gain strength after breaking the ₹129 resistance. This analysis is supported by historical price action and key technical indicators like support/resistance levels, moving averages, and relative strength.
NSE:PNBLong
by manojshinde27
2
NSE PNB is Preparing for a Corrective BreakoutTimeframe: Daily NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91. The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to break and sustain above wave iv at 112 . Upon holding above this level, traders can aim for targets of 117 – 126 – 137+. Even if the price falls below wave (Y), traders can only buy after the breakout of 112. Stay tuned for further updates!
NSE:PNB
by Trade-Technique
4
PNB - The End could be a New Beginning.Punjab National Bank is in a bullish structure from June 2022 & now have completed wave 4 which has meet with reverse parallel channel drawn from connecting wave 1 high with wave 3 high (usually the best point for wave 4 to end) & this low of wave 4 is exactly 0.382% retracement of Wave 3 so now we looks all set for wave 5 impulse to begin a close above 112 will be 1st confirmation & breaking above this red channel around 120 will be bigger confirmation which could take us to 230 which is (Wave 1 is equal to Wave 5 measurement) & channel top. Everyone in market is trying to find top in Index whereas stocks are just getting started so the market can stay irrational longer than you can stay solvent.
NSE:PNBLong
by churiwalvikram
PNB // Level // 30 min"Welcome to SkyTradingZone " Hello Everyone 👋 t looks like you're referring to a PNB (Personal Narrative Brief) level 30-minute exercise! For those who may not be familiar, a PNB is a brief writing exercise that helps individuals reflect on their personal experiences, thoughts, and feelings. It's usually done in a timed setting, and the goal is to capture your thoughts and feelings in a concise and coherent manner. For a 30-minute PNB, you can follow these steps: Set a timer for 30 minutes. Choose a prompt or theme that resonates with you. It could be something specific, like a recent event or experience, or something more general, like a goal or aspiration. Write down your thoughts, feelings, and reflections without stopping or worrying about grammar or spelling. Try to capture your inner voice, emotions, and insights as they come to you. As the timer goes off, take a moment to review your writing and make any necessary adjustments. Some tips to keep in mind:
NSE:PNBLong
by SkyTradingZone
1
PNB // Level // 1H"Welcome to SkyTradingZone " Hello Everyone 👋 As of my last update, the current price of PNB is around 41.50-41.60. Here are some key levels related to the PNB 1-hour chart: Resistance Levels: Immediate Resistance: 42.20-42.30 Medium-term Resistance: 42.80-42.90 Long-term Resistance: 43.40-43.50 Support Levels: Immediate Support: 40.80-40.90 Medium-term Support: 40.20-40.30 Long-term Support: 39.00-39.10 Trend Lines: Short-term Trend Line: The PNB has been trending upwards since the October 2020 low, with a short-term trend line around 35.50 Medium-term Trend Line: The PNB has been trending upwards since the August 2020 low, with a medium-term trend line around 38.50 Long-term Trend Line: The PNB has been trending upwards since the March 2020 low, with a long-term trend line around 32.00 Fibonacci Levels: 23.6% Retracement: 41.10 38.2% Retracement: 41.40 61.8% Retracement: 41.70 Moving Averages: 50-period MA: 41.20 200-period MA: 38.20
NSE:PNBLong
by SkyTradingZone
Value Buy SetupMonthly Time Frame Bullish stock-RSI above 60 and Price above 20 MA Weekly Time Frame Trading in very narrow range 112 to 117 since last 3 weeks. Very Low Volatility- Actually Consolidation Daily Time Frame Price making Higher Bottom with supply zone at 118 Price Made Morning Star on 16th Aug 24 and Twizzer Bottom on 28 Aug 24 Price Taken Support at 20 SMA and 200 MA Good Volume in last 2 trading Session 29th and 30th Aug 24 RSI Bullish Diversion ( 5/8/24 and 16 Aug 24. Very Near to 40 support making it High Probability Trade Fib 50 percent Retracement Challenges Immediate Resistance at 118 Also Multiple Gaps Target 1- 128 Target 2-138 Educational Purpose
NSE:PNBLong
by ARVIND69
1
PNB - Technical Analysis of Punjab National Bank - Buy & HoldTechnical Analysis of Punjab National Bank (PNB) Overview of the Stock - The chart provides a technical analysis of Punjab National Bank (PNB) on the hourly timeframe. It includes price action, Fibonacci retracement levels, a moving average (EMA200), and RSI indicator. Key Observations based on Technical Analysis Price Action:- The price has been in a downtrend, forming lower highs and lower lows. There has been a recent attempt to recover, with the price bouncing from the 0.236 Fibonacci retracement level. The current price is hovering near the 0.382 Fibonacci level, which could act as a resistance level. Fibonacci Retracement: - The price has retraced to the 0.382 Fibonacci level, which is often a significant retracement point. Breaking above this level could indicate a potential reversal of the downtrend. Moving Average (EMA200): - The price is currently below the EMA200, suggesting a bearish trend. A sustained move above the EMA200 could signal a potential bullish trend reversal. Relative Strength Index(RSI (14)):- - The RSI is currently at 32.09, indicating oversold conditions. An oversold RSI can sometimes precede a price reversal. However, it's essential to consider other factors before making a decision. Potential Scenarios:- As per my technical analysis and observation based on previous chart history and current chart pattern along with price action there are two trend scenarios:- Bullish Scenario: - A sustained break above the 0.382 Fibonacci level and the EMA200 could indicate a potential bullish reversal. The next resistance levels to watch are the 0.5 and 0.618 Fibonacci levels. Bearish Scenario: - If the price fails to break above the 0.382 Fibonacci level and starts to decline again, it could signal a continuation of the downtrend. The next support levels to watch are the 0.236 and 0.168 Fibonacci levels. My Personal Opinion about the stock Buy: Consider a long position if the price breaks above the 0.382 Fibonacci level with strong bullish momentum and closes above the EMA200. Sell: Consider a short position if the price breaks below the 0.236 Fibonacci level with strong bearish momentum. Remember: This analysis is based on a single chart and a limited timeframe. It's crucial to conduct further analysis, consider other indicators, and manage risk effectively before making any trading decisions. Disclaimer: This analysis is based solely on the provided chart and does not constitute financial advice. It's crucial to conduct thorough research and consider multiple factors before making investment decisions. Thanks for your support as always
NSE:PNB
by ForexTrader4all
PNB:: Up by 6% After Posting Highest Ever Quarterly Profitkey Metrics of FY 25 Q1 resuts:: 1. a rise of 159 per cent in standalone net profit at ₹3,251.5 crore – its highest-ever quarterly profit, compared to ₹1,255.4 crore in the corresponding period last year. 2. The substantial increase in net profit is attributed to robust performance across various financial metrics, driven mainly by a decline in bad loans and an improvement in interest income. 3. total income in the June quarter rose to ₹32,166 crore from ₹28,579 crore in the same period a year ago. 4. interest income increased to ₹28,556 crore from ₹25,145 crore in the same quarter a year ago 5. return on assets (RoA) improved markedly to 0.82 per cent in the June quarter from 0.34 per cent 6. while the return on equity (RoE) rose to 16.82 per cent from 7.50 per cent in the year-ago period 7. revised its FY25 guidance for the GNPA ratio to approximately 4% from 5% and credit cost to below 0.5 per cent from below one percent earlier. 8. Provisions for bad loans fell drastically to ₹792 crore in the June quarter, compared to ₹4,374 crore in the year-ago period 9. capital adequacy ratio improved to 15.79 per cent at the end of June 2024, compared to 15.54 per cent in the year-ago period. 10. provision coverage ratio, including technical write-offs (TWO), increased by 607 basis points (bps) to 95.90%, and the ratio excluding TWO improved by 1259 bps to 88.43% 11. slippage ratio improved by 43 bps to 0.76 per cent, and the credit cost decreased by 167 bps to 0.32 per cent from 1.99 per cent. 12. reported a 10.27 per cent year-on-year (YoY) increase in operating profit, which stood at ₹6,581 crore for Q1FY25, compared to ₹5,968 crore in Q1FY24. 13. global business grew by 10.03% YoY to ₹24,36,929 crore from ₹22,14,741 crore. 14. credit-deposit (CD) ratio improved to 73.05 per cent in the June quarter, up from 71.79 per cent in March 2024 and 70.64 per cent a year ago. 15. savings deposits increased to ₹4,84,377 crore, reflecting a 4.4 per cent YoY growth. 16. CASA deposits grew by 3.4 per cent to ₹5,49,079 crore, maintaining a CASA share of 40.08 per cent 17. Retail term deposits (less than ₹3 crore) grew by 9.2 per cent YoY to ₹5,85,598 crore. 18. Advances also showed robust growth. The total retail credit increased by 14.4 percent YoY to ₹2,34,564 crore. 19. The core retail advances grew by 15.5 per cent, with housing loans up by 14.7 per cent to ₹1,01,796 crore and vehicle loans rising by 26.9 per cent to ₹21,726 crore.20. Agriculture advances grew by 15.8 per cent to ₹1,68,503 crore 21. MSME advances increased by 7.9 per cent to ₹1,42,886 crore Technical Analysis:: It is strongly bullish above 115, If also taken out 132 after positive Q1 results bullish momentum likely to continue to 167,202,210
NSE:PNB
by Apu_3007