PNB trade ideas
PNB, Intraday View for 21-JuneFor 3 consecutive trading sessions the price is strongly rejected by the level of R1-130. Still the price is trading in the positive zone. There is no change in the structure and in levels.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 20-JuneToday we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 19-JuneThere is no change in the structure and the price has failed to close above 130.
But the price is still in the positive zone.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 18-JuneDuring the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB: INSTITUTIONAL ANALYSIS1. the market is bearish now because:
a) the market had made a choch
b) the market has made a further bos with fair value gap indicating the presence of smart money : banks, institutions
2. So it is always advisable to follow the current trend, so aim for a bearish entry, (futures)
3. the market has been making a pullback now
4. take an entry only after there is choch in the 1 hour time frame
5. if it breaks above ob with fvg then we can say that the trend has become uptend but until then continue with a bearish view
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PNB, Intraday View for 11-JuneToday we have a gravestone doji candle, which has been formed after a move of 23%.
Also the price is in a compression zone.
The price could test the support level S1-122 and if broken then S2-110.45
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 10-JuneThe price is trading in the compression zone or in the neutral zone.
For intraday the levels of S1-122 and R1-130 are important to watch.
Above 130 - Uptrend
Below 122 - Downtrend.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 7-JuneThe price is rejected by the LTMA band.
The probability of a red candle is high, more than 60% on the probability scale.
The level of 120.75 is important to consider for tomorrow's intraday trade.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 6-JuneThere are two main levels to watch one is S1-120.75 and the other is R1-131.55
And today the price has managed to close above the S1.
Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 5-JuneToday's huge red candle has changed the structure dynamically.
The next important level to watch is the demand zone of 95 to 100.
But for sure we could see high volatility until the price has not settled down.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 4-JuneToday we have a gap up opening of more than 4% and the price has closed on the resistance level.
Wait for the price to settle down.
CMP:137
R1:137 | R2:142.90
S1:123.50 | S2:119
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 3-JuneA bullish hammer candle has been formed and given the breakout of the compression zone.
Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle.
CMP-129.45
R1-131.55
S1-123.50
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 31-MayAnother Inverted Hammer Candle shows the weakness in the price.
The price is being strongly rejected by the levels of 130.
The probability of a strong bearish candle is more than 70%.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 30-MayToday we have an inverted Hammer candle.
The price is trading in the compression zone.
The probability on the down side is more than 50%.
CMP-128.05
The price could test the levels of 123.50
And if reversed then the level of 131.55 is important.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 29-MayTrend - Positive
Strength - Medium
Probability > 50%
Today we have a red candle with High High and High Low.
The price could test the level of 137.
CMP : 128.20
Resistance : 137
Support-1 : 123.50
Support-2 : 119
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 28-MayTrend - Positive
Today's bullish candle has broken the structure which indicates the start of an uptrend.
The price could test the level of 137.
Probability of the next green candle is more than 50%
CMP : 129.55
Resistance : 137
Support-1 : 123.50
Support-2 : 119
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.