PNB trade ideas
Watchout for Resistance breakoutThe stock is looking good positionally above 39.2 level for targets of 44 and 46
PNB: SLEEPING GIANT AWAKENED Punjab National Bank is an Indian multinational banking and financial services company, 3rd largest in India, it has Formed reverse head and shoulder pattern. Closing and sustaining above 38.60 can lead to massive rally.
SHORT-TERM TARGET: 44 (4W)
LONG-TERM TARGET: 94 (52W)
Reasons supporting the rally;
➡️MACD ABOVE SIGNAL & CENTER
➡️RSI INDICATING PRICE STRENGTH
➡️PNB SAW IMPROVEMENTS IN NET PROFITS, OPM & REVENUES IN RECENT QUARTER
➡️MFs INCREASED THEIR SHAREHOLDINGS LAST QUARTER
PNB : Ready for Blast?Study for PNB
> Triangle pattern
> Near Resistance
> Volumes are increasing since February
> Accumulation is going on
> After downside....in sideways since May 2020
Good for long term
Good R:R ratio
Dtd 21st May : TheCharts
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
punjab national bank bullish bat it is a great opportunity to invest in this stock . buy in delivery for target of 44
stop loss will be 34 on close basis
PNB LONG My prediction On PNB is based price action trading
1. ASCENDING TRIANGLE PATTERN
2. W PATTERN
best price to buy = below 39
target = 43 - 45
Stop Loss = 30-32
expected No of days to reach target = 7 - 15 days
Camarilla Strategy Explained on which trade to take on which kind of camarilla setup.
Even Camarilla have Narrow and wide range just like CPR
Providing you the knowledge on how to identify trend of the day on the first bar of the day!!!!
Drawings and explanation has been given on chart. do your back testing and then see the result.
Proving a Small script below of Camarilla.
Triangle Pattern ✌✌Expecting good Result And Post Merger Made This Scrip as Investment Stock. So Keep on Your Radar and Expecting Breakout.
Price action in PNB ChartPNB has been building up a good price action since last 2020 crash. Now looking forward, we can see a good triangular pattern that has a high probability of a bullish run which may give us a good target of around 46. But looking on the other side, in case it breaks down then it may get slapped till 34 and may recover from there or in worse case till 27.
PNB has captured/gained an excellent volume in 2021 compared to 2020.
Initiate any position based on price action and other factors.
Pnb on slop upside…Pnb is taking rest at range of 36 to 38 but price action showing upside trend nd it can give a nice breakout in short term with target for 42-44
PNB | Head and ShouldersPNB
HNS Pattern.
Note - This is purely for educational purpose.
I don't provide paid calls or stock tips.
And that's why -
- No SL
- No Target
- Just a picture depicting the story.
Use it, if it's Insightful. Ignore otherwise.
#stocks #trading
Inverted head and shoulder patternbreakout above resistance - 38.7 could open targets of 44/45.
good swing trading opportunity.
Guys this is for education purpose only, do consult your advisor before buying the stock.
PNB: TURNAROUND POTENTIALHuge trading opportunity in PNB with limited downside.
TARGET: 44, HORIZON: 3M
PNB Long Above 39.2PNB Has Broken Its Downward Trendline and Keep Resistance At 39.2
If Day Closing is Above 39.2 , Next Target is 43.5 , 46.5 , 55
Stop Loss Below 36.5
ONLY FOR EDUCATION PURPOSE |
PNB: INVEST IN ONE OF THE MOST UNDERPERFORMING SECTORPNB: Punjab National Bank looking good for medium term, PNB is an Ideal destination for all Banking and trading need. 🔥
BUY PNB AT CMP(34)
T1: 44
T2: 65
SBIN
T1: 400
T2:450
T3:600
BOB
T1:85
T2:96
HORIZON 3-6M
SBI, PNB & BOB ALL WILL OUTPERFORM IN THE NEXT 3-6 MONTHS.
A morning star with huge volume.Buy above the candle highExpecting some retracement downside.Go long after some retracement or buy above the last candle's high if it breaks immediately with a proper stoploss and target as mentioned above.
