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PUNJAB NATIONAL BANKPUNJAB NATIONAL BANKPUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK

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PNB trade ideas

PNBPNB has given weekly breakout with good consolidation and volumes Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading.
NSE:PNB
by SENSITRADE_T
Punjab National Bank PNB Bullish BreakoutPNB NSE:PNB recently had a breakout from resistance levels of 38.5 from which it faced rejection thrice earlier. On the daily timeframe, the script had earlier broken out of long term down trend line making Double Bottom at 26.5 levels. PNB broke out of 38.5 resistance levels on back of high volume & reversed from the same levels after testing the levels on back of low volumes (resistance now turning support). 38.5 now seems like a good support for further up journey. On a weekly timeframe, once bounced from 26.5 second time, clear volume expansion with wide range buying candles indicates buying conviction. Seeing the rally in banknifty, PSU Bank's participation was quite low. Now that Private banks have somewhat reached their saturation levels, PSU banks can lead the rally. After crossing the hurdle of 38.5, we may see PNB gliding away to next big hurdle of 55 levels. So longs can be initiated from current levels for targets around 55 with SL at 35 (the low of wide range & high volume breakout candle).
NSE:PNBLong
by kapildheer
CANARA BANK Is it aiming for a long term resistance zone @ 60?CANARA BANK Is this counter aiming for a long term resistance zone of 60? Watch this chart. If sustains 60 the level of 100+ should take it to 180+ but before all that it should immediately try to test the long-term resistance zone (which is the earlier support zone). I will share the Bullish Harmonics plotted on the weekly chart (though it's Incomplete - a kind of preempting probability of risk-reward should always be in favor of traders)... So, it is suggested to go on Cash... Buy with a stop of a close below @ 25
NSE:PNBLong
by kskanth32
PNB Is it aiming for a long term resistance zone @ 60?Is this counter aiming for a long term resistance zone of 60? Watch this chart. If sustains 60 the level of 100+ should take it to 180+ but before all that it should immediately try to test the long-term resistance zone (which is the earlier support zone ). I will share the Bullish Harmonics plotted on the weekly chart (though it's Incomplete - a kind of preempting probability of risk-reward should always be in favor of traders)... So, it is suggested to go on Cash... Buy with a stop of a close below @ 25
NSE:PNBLong
by kskanth32