multi time frame analysis PNB PNb LOOKS scary unless close above levels mentioned , already deep red a DCB can definitely take place but overall a scary picture , hopefully not but !!!!
PNB trade ideas
PNBDoubble bottom formation in the pnb.
Watch and wait for the confirmation on the positive side with Price action.
Target is 117.
The best entry will be below 60.
Purely educational purpose
PNB - Positive Divergence - Target 68.20There is a good buy opportunity in the Punjab National Bank, on the basis of Positive Divergence Pattern in a daily time frame chart. This pattern can be drawn as well as observed after forming lower lows in price chart and higher highs in RSI Indicator. The trader should place a long position with a stop loss of 58.70, provided the stock gives today closing above this level. Further, the first target is set at 68.20
PNB Intra Day trade StrategyPNB at Trend resistance.
Buy at breakout else wait for support
First target 69
Second target 75
Third target 75+
[HP] PNB Buy IdeaAs per the charts.
If it open gaps up, please avoid buying it and I will write up for proper and better entry; I might short ATM PE and OTM CE in that's the case.
Looking BullishPNB is looking bullish on the daily timeframe and due to FM announcement, the sentiment would be also positive.
Buy if it sustains above 64 for targets of 67, 69 and 71. SL would be 60.90.
PNB Analysis for 26 August 2019Central Pivot Range (Dotted Blue line) is very narrow, expecting a trending day.
64 is monthly as well as daily resistance, expecting huge resistance from that level
#PNB Rsi divergence in daily chart.#PNB Rsi divergence in the daily TF. also trading at key resistance level of 68. MACD is also showing a buy here. Will be good buy @68 with 65 stop and 74 profit booking.
Easy find out with this indicator candles This indicator shows up and down trend and candles shows price moment
PNB Monthly Analysis for August 2019CPR very wide indicating a possibility of sideways movement confined between H2 and L2, may go lower.
PNB @ 59 is a very strong support which has not been broken in last 11-12 years. If that price is not breached, expect a rebound upwards in few months.
PNB short term trade chartPNB BUY with SL 63 Trgt 78+
2 Strategies mentioned post profits reported by PNB in Q1 earnings.
Breakout expected in next week.
OR
Buy PNB 75 CE Aug19 @ 1.25
Buy PNB 80 CE Aug19 @ 0.60
PNB LONG for next 3 monthsAgain purely based on intuition, since PNB is already trading at all time low take LONG position for Sept.
Personally bought 4 lots in last 2 days.
PNB- PUBLIC SHARING FRAUD NEWS WHILE CHART NOT WEAKPNB CHART LOOKS STRONG
FOR SHORT WAIT TILL 77 BREAK FOR STRONG CONFIRMATION
