One of the nice set up here on the charts of Punjab National Bank. This looks like a great trade with perfect risk to reward ratio.
Rough Set up.
Buy Price - Around 40-41
Stop loss - Around 38.5-38
1st Target - 43 🎯
2nd Target - 47 🔥
This is not a buy recommendation from our side. Just showing how to plan a trade and be ready to take calculated risk against good profit.
If you wanegative but revenue increased
2. Punjab Nationalnt to go long then I will suggest you to buy near the trendline and then add Qty after the ascending triangle get broken.
1. Earnings were Bank raises Rs 1,919 crore via bonds - NEWS
Please like my idea if you really like it and happy trading! NSE:PNB
SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 22-11-21
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade...
Dow Theory - Accumulation and Distribution
Accumulation is marked by resource-rich participants accumulating the stock at lower levels when other participants are fearful
Distribution is marked by resource-rich participants de-liquidating the stock at higher levels when other participants are greedy
Easy HH HL Structure. Understanding basic market structure under Dow Theory. In Dow Theory, an uptrend is defined primarily as successively higher peaks and troughs. A downtrend is defined as successively lower peaks and troughs.
PNB Bank Trading In A Channel In Day Time Frame If It Break Channel Both Side Target Should Be Already Mention In Chart If It Break Up Side It Will Give Good Return For Long Position Its Making Price Action For A Long Down Foul
Breakout stock PNB KISS Principle-2 trading with Rising line
NO indicator no avg only simple strategy
Kiss(Keep it simple and straight)
PNB is taken on the Support of Rising line it bounce back let's see it will breakout or bounce back
Breakout is already there to avoid false breakout the candle which is taken support the High of that candle shuold be our...
PNB is on verge of breaking it resistance on price and its current level is strong support per RSI . If we look at OBV it has already shown breakup and there is positive divergence... For me its early entry but risk reward is pretty favorable as my stop loss would be low of previous day candle ... If you want to wait for confirmation you can wait till the price...
Scrip : PNB
Setup: 3 Rising Valleys Pattern, Rising Channel, Chikou Span in open space and PSU bank Index giving breakout above 2 years levels
Target 1 - 55
Risk: Slightly Risky Trade as PSU bank
Stoploss: Please determine, manage and adhere to your stoplosses as per your risk profile and appetite.
A close below 35 could be a determined as a Stoploss level....
This is a very simple chart of PNB on daily time frame... a golden crossover.... upward movement expected in the near term.
Disclaimer - This has been prepared for learning purpose.... suggestions are welcome for improvising further.