PNB trade ideas
PNB- PUBLIC SHARING FRAUD NEWS WHILE CHART NOT WEAKPNB CHART LOOKS STRONG
FOR SHORT WAIT TILL 77 BREAK FOR STRONG CONFIRMATION
PNBPNB MAY BE CONSIDERED FOR TARGET OF 90 IN THE COMING FEW DAYS.
WITH A PROPER STOP LOSS IN PLACE ENTER ABOVE 84.
ALSO, 123 AND 140 LVL ARE CLEARLY THE TARGETS IN THE COMING WEEKS.
PNB - Started UpsideReversal from its Trend Line
Target #1 80
Target #2 83
Target #3 85
Target #4 88
PNB long Position 86 - 90 Target CMP 76.90 SL 73As the stock is trading in the channel a short-term uptrend is to be witnessed as per the chart analysis
BUY @ near CMP 76.90
SL @ 73
TARGET 86 to 90
Time Period 15 to 20 days.
PNB - COMING DAYS TRADING RANGEPNB HAS A PRICE RANGE OF 74 (GOOD SUPPORT) AND IF CROSSES 77.5 THEN 80 IS THE NEXT TARGET.
MAINTAIN PROPER STOP LOSS LEVEL AND TRADE AS PER THE DIRECTION.
IT IS OBSERVED THAT ENTERING AT 74+ LEVEL WOULD BE FETCHING.
PNB - NEWS ON LOAN RECOVERYState-owned Punjab National Bank (PNB) recovered Rs 20,000 crore of bad loans during the financial year ended March 2019, almost double the recovery amount in the preceding year, its Chairman Sunil Mehta has said.
PNB - NEWS ON AT1 BONDInd-Ra downgrades PNB's Rs 6,750 crore AT1 bonds
India Ratings and Research (Ind-Ra) has downgraded Punjab National Bank's additional tier I (AT1) perpetual bonds worth Rs 6,750 crore by one notch to A/negative outlook from A+/negative.
The rating of the AT1 bond signifies the weakness in the standalone operations of the bank, the release said.
PNB Monthly Analysis for June 2019Central Pivot Range below than previous month's, indicating bearish sentiment.
Opening between H3 and L3, H3 being very strong resistance.
Will reach L3 once, but more bearish movement can be expected.
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PNB PERFECT TIME TO BUY.IF PNB CLOSE CROSS 89 ON MONADY 27/05/2019 PERFECT TIME TO BUY. WITH STOP LOSS OF 78 RS. AND TARGET WILL BE 125 OR 128.
MACD INDICATOR IS ALSO SHOWING GOOD SIGNAL.
PNB : Trade again on inverted H &SPNB had given breakout from the inverted H&S with high volumes. Target of the breakout was 112 but counter retraced from 100 and again cam back to 87 level. Counter should take support around 84 which is 38.2% retracement of entire rally from 58 to 100. After 84 , next support comes at 80-81 range which is also a support of neckline. As counter drifted down from 100 to 87, volume has also come down simultaneously. Traders ,who had created long around 80-81, might have booked profit at psychological resistance level of 100 but the investors who had bought at long term support zone of 60-65 might be waiting for counter to complete full circle.As higher top higher bottom structure is still valid, short term investors can look to buy 50% at 85 and rest 50% at 81 with stop loss below 74 for target 112.
PNB Monthly Analysis for May 2019Strong resistance near 89.5. Go short near 90.
Tickr opened between H2 and L2.
PNB most likely to oscillate between H2 and L2.
L3 could be reached by the end of the month.
very similar pattern in wiprothe structure of wipro is very weak, with constant loss of upward thrust...
