BUY @ 114.40 RS TARGET @ 165.44 RS BUYING CONFIRMATIONS: Rounding bottom breakout Expected returns are around 44.00 %
Rounding Base Formation in Monthly Charts, Coming Out Of A 4 Year Consolidation Good Fundamentals, Sector Favourable RSI Above 60
PNB - Big breakout on charts on Daily, weekly and monthly basis and expecting 2x target of 200+ view will become invalid if goes below 99 which will be sl..
Month chart its long time IH&S break and move on channel up trend and next long tern trend line resistance 131 Once its break it ll move 160+
This analysis was to showcase the importance of sticking to the rules. As per all our previous charts, we intend to exit when there is a close below previous HL. By following the entry and exit rules, it would have been possible to stay away from this stock where it did not move much on the upper side.
The stock looks very strong on the weekly chart and is breaking its long consolidation since 2019. If the stock manages to close above 70 this week and breaks this weeks high in the coming weeks one can plan to go long for targets of 82-90-100 on a positional basis with a stop loss of 65 on a weekly closing basis. The stock has moved about 9% today so its better...
**"PNB Riding the Wave: Strong PSU Sector Propels Uptrend, Eyes on 105"** As market dynamics evolve, Punjab National Bank (PNB) is emerging as a prominent player within the Public Sector Undertaking (PSU) sector. With the PSU sector displaying remarkable strength, PNB appears poised to continue its upward trajectory in the stock market. Investors and traders are...
Hi Traders, PNB is forming a bullish Cup and Handle pattern on 15 min time frame. The immediate target would be around Rs 100 with a stop loss of Rs. 96.85. It can be traded in intraday or option segment. Please analyze yourself before relying on analysis. The analysis is purely based on individual opinion and undersigned has no responsibility for the same.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
PNB target upto 130 for short term. And for long target is 200 consolidation of 4 year is now coming to end above 100.
PNB will easily achieved target 75 within 2 years, according to the chart pattern it can easily crack it down
Hi friends sharing weekly chart of Punjab national bank and it is very easy to understand chart for everyone friends, as we can see that after a long consolidation of 4 years price gives a breakout from parallel channel after this breakout price moved good up but took a resistance from previous resistance zone and after it's successfully retested it's breakout...
If a stock gives BO on Monthly time frame, it should test the next resistance entry now T 1 - 99.9 T 2 - 106
Weekly and monthly chart is looking good for next 5 years investment horizon, small dips will be buying opportunity and can accumulate, PSBs are ready to touch all time high in next coming years as Government has infused Rs 3,10,997 crore to recapitalise banks during the last five financial years i.e., from 2016-17 to 2020-21. Apart from PNB, SBI, Canara bank,...
SOME BANKS are trading similar patterns, for example, BANKINDIA, UCOBANK, INDIAN OVERSEAS BANK. so, sometimes it is obvious that the same sector, the same or nearby price has same price action but is differentiated by the time zones. once the script crosses the resistance of 100-101 it can easily travel to 130. please suggest your view on this. this is only a...
PNB now trading above 2019 highs witnessed a strong breakout expect to continue with its move till its above 80 mark
PNB Seems good concentrate if price sustain above 81 in daily
Stock - PNB looking strong. Near trend line good to buy if break and sustin